What to expect from Arbitration
Arbitration is a formal process in which a panel of attorneys hears evidence and renders an opinion, which could be binding or non-binding.
Implemented in May of 1970, it was one of the pioneer programs in the United States. Since 1970, almost 70,000 cases have been referred to arbitration.
Arbitrations are conducted pursuant to Local Rule 21.0. The arbitration process is typically used for cases where the actual amount in controversy, exclusive of interest and costs, is $50,000 or less per claimant. The parties may agree to submit cases to Arbitration where the amount in controversy exceeds $50,000 per claimant.
A case may be referred to Arbitration at the request of the parties or an order of the Court. An arbitration award is not binding upon the parties unless agreed upon prior to referral. After an arbitration is held, the panel issues a Report and Award which becomes a final judgment in 30 days unless an Appeal is filed. An Appealed case is returned to the court.