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Yesterday, Stephen M. Cutler, director of the S.E.C.'s enforcement division, defended the Putnam settlement, arguing that the widespread evidence of trading abuses necessitated quicker settlements.
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Higher availability of capital: According to KPMG analysis, blockchain technology will reduce capital consumption due to quicker settlement of trades, straight-through processing, and and freed-up capital flows.
Tokenization of traditional assets can provide a wide range of benefits, including greater liquidity to asset owners, 24/7 markets, lower transactions costs, fractional ownership, automated and quicker settlement, improved compliance checks, and a broader slate of possibilities with smart security contracts.
And some of these fights are leading to quick settlements.
Quick settlements, rather than long trials, mean victims get restitution faster.
By using the Martin act, an old state law, he has been able to threaten criminal indictments and thus force quick settlements.
He likes quick settlements, and may simply have decided that a criminal prosecution would be too complicated and hard to be worthwhile.
He dismisses the idea that lawyers are actively seeking clients to win quick settlements and fees: "Every successful plaintiffs' lawyer in this country is always called 'entrepreneurial'entrepreneurial
Survivors have been fiercely critical of insurers who persuaded many passengers from the two trains to agree quick settlements of little more than £1,000.
First, the era of multiple stockholder lawsuits, inevitably filed immediately after almost any transaction is announced, likely has come to an end, as plaintiffs (and their lawyers) no longer can count on court approval of quick settlements with minimal litigation.
Under the old law, Lerach could usually issue subpoenas and take depositions as soon as a lawsuit was filed — a time-consuming and expensive ordeal that many defendants chose to avoid by making quick settlements.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com