John R. Shuman, a securities mediation lawyer with many years of experience stated that, "I encourage many of my clients to consider mediation first". Even if you do not end up settling your claim, going through securities mediation can mean that;
You are able to settle on some issues. Even if you do not fully settle in mediation, you may be able to come to an agreement on some of the issues in your case during the mediation process. This can help set the stage for the arbitration and speed up the process.
John further stated that, "Mediation also helps you to better understand the strengths and weaknesses of your case overall so you can decide whether or not to settle or pursue litigation proceeding's. It can be useful even when you can't agree to anything at all; at least you can gain some insight into the positions of both parties involved and get a better idea of how to proceed outside of the mediation process.
To avoid the risks of expensive litigation and arbitration with no guarantee of positive results, mediation can result in settlement agreements or lead straight into arbitration or litigation with the possibility of losing and having very unhappy results. By attempting to use securities mediation first, during or other measures can cut your risk and possibly find a solution that benefits all parties involved.
For further inquiries regarding securities mediation, arbitration or litigation contact Trillium Advisory at 312-878-8984.