Episode 322

Getting Creative With Global Settlements: Lien Waivers, Litigation Costs, and Clever Consent Agreements


March 18th, 2024

46 mins 3 secs

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About this Episode

Both New York and New Jersey require the workers’ compensation carrier to contribute its equitable share of litigation costs on the petitioner/claimant’s third-party recovery. One of the best ways to cut down exposure and resolve a workers’ compensation claim months (sometimes years!) earlier than it otherwise would have is a “global settlement.”

In this episode, “Getting Creative With Global Settlements: Lien Waivers, Litigation Costs, and Clever Consent Agreements,” Christopher Major discusses when a case is in a position for a “global settlement,” how the numbers work in both States, best practices, and how the carrier can avail itself of a clever consent agreement to settle on its terms.

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