Quoted

January 28th, 2022

Ronald C. Minkoff Quoted in Law360 on NY Rule Forcing Settlement Talks Before Trial

Commercial Litigation Partner Ronald C. Minkoff was quoted in the article, “New NY Rule Forces Settlement Talks Before Trial” published by Law360. The article discusses Rule 30, which forces parties to attend a court-ordered settlement conference at a critical stage of dispute — after the discovery phase of a case has completed and before a trial begins — where additional efforts are required to reach a settlement. Ron discussed the benefits of the new rule.

Ron said Rule 30 provides, "exactly the settlement opportunity parties need."

"While no one can force a party to settle, or to even actively engage in the settlement process, this rule makes a party think long and hard before they reject the process and gives both parties the ability to engage in settlement talks without showing weakness," Ron told Law360, adding that “The rule also allows the New York Supreme Court's commercial division to compete favorably, not just with other judicial forums, but with arbitration as well.”

Additionally he said, "A rule like this will provide litigants with another reason to prefer the Commercial Division over arbitration.

Read the article here.