<![CDATA[litigation - Savage Villoch Law]]> https://www.savagelaw.us/blog/tags/litigation/ Wed, 06 Nov 2024 17:43:54 GMT en-us <![CDATA[Tips for Successful Dispute Resolution]]> https://www.savagelaw.us/blog/successful-dispute-resolution/ https://www.savagelaw.us/blog/successful-dispute-resolution/ Fri, 17 Mar 2017 21:12:12 GMT It’s Not Personal, Its Just Business In business, there are bound to be disagreements. Whether it is a contract dispute or failed negotiation, business disputes are going to occur. It’s usually not personal, but business disputes can be a major roadblock and source of stress, especially when handled improperly. Settling disputes fairly and effectively is…

]]> It’s Not Personal, Its Just Business

In business, there are bound to be disagreements. Whether it is a contract dispute or failed negotiation, business disputes are going to occur. It’s usually not personal, but business disputes can be a major roadblock and source of stress, especially when handled improperly. Settling disputes fairly and effectively is imperative. If handled poorly, dispute resolution can become a lengthy and costly ordeal involving weeks, months and sometimes even years of litigation and trial. While business disputes are unavoidable, litigation is. Here are some means of alternative dispute resolution that can help settle business disputes and avoid the headache and cost of trial.

Alternative Dispute Resolution

There are two main types of alternative dispute resolution:

  • Mediation
  • Arbitration

With mediation, a neutral third-party facilitates a dialogue between two parties who negotiate a resolution themselves. While a mediator may make recommendations or suggestions for resolution, it is up to the conflicting parties to reach an agreement. Whereas with arbitration, an appointed arbitrator or arbitration panel determines the outcome of the resolution of a dispute. Although arbitration is similar in practice to trial, it is usually a much quicker and less costly method of dispute resolution than traditional litigation.

Ensuring a Successful Resolution

The key to either manner of alternative dispute resolution is a willingness to cooperate. Conflicting parties need to make an effort to negotiate fairly and openly with one another. It also helps if both parties are familiar with basic alternative dispute resolution procedures.

Resources for Dispute Resolution

Savage Villoch Law, PLLC is equipped to handle all forms of business disputes. We can assist our clients in both mediation and arbitration procedure and, if necessary guide them through the litigation process. Our team has a combined experience of over 20 years in helping resolve business disputes. Our team is also highly experienced in handling Financial Industry Regulatory Authority (FINRA) arbitrations. Contact us today if you need help in determining what path is the right one to resolve your dispute.

]]> <![CDATA[Wells Fargo Ends Sales Goals in Wake of Fraud]]> https://www.savagelaw.us/blog/wells-fargo-fraud-update/ https://www.savagelaw.us/blog/wells-fargo-fraud-update/ Mon, 19 Sep 2016 09:00:32 GMT This is an update to a previously posted article – “Wells Fargo Pays Out $190 in Financial Fraud Claim”. Read the full story here. In the wake of the massive fraud scandal stemming from a sales incentives initiative, Wells Fargo as announced that it is ending the company-wide sales product goals. The banking giant, ordered…

]]> This is an update to a previously posted article – “Wells Fargo Pays Out $190 in Financial Fraud Claim”. Read the full story here. In the wake of the massive fraud scandal stemming from a sales incentives initiative, Wells Fargo as announced that it is ending the company-wide sales product goals. The banking giant, ordered to pay $190 million in damages and fines earlier this month, stated that as of Jan. 1, 2017 it would eliminate product sales goals. The decision is an effort by the bank to recoup customer faith and public standing. The widespread fraud case ended with the termination of 5,300 employees who had engaged in fraudulent activities in order to meet issued sales goals and earn incentives. Employees created false, fee-generating accounts for unwitting customers. They created false pins and authorized purchases and lines of credit that had not been requested nor authorized. Wells Fargo, one of the nation’s largest banks, has been struggling to regain stock figures–which have been on a steady decline since the discovery. The investigation into the fraudulent practices initiated by regional employees resulted in the Consumer Financial Protection Bureau (CFPB) issuing the largest fine it has every levied since the bureau’s inception 5 years ago. In addition to the $185 million in penalties, the bank has also set aside a provisional $5 million to account for financial damages to consumers and clients. Though the CFPB has not reported other banks practicing similar fraudulent actions “on any kind of systematic basis at any other bank”, large banks, like Wells Fargo, are prone to turning a blind eye to consumer fraud and financial abuse on the public. Do not allow yourself to be victimized by big banking. Call Savage Villoch Law, PLLC today for a consultation and we will determine if you have been affected by financial fraud and what you are owed.

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