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Plaintiffs in Colorado hope a new state law will allow them to recover litigation costs when they win damages at trial after rejecting a higher settlement offer. The new law, which becomes effective on July 1, is aimed at reversing the effect of a 1990 statute that prevents plaintiffs from recouping the costs of litigation when they reject a defendant's earlier settlement offer but win a smaller amount at trial. Peter G. Koclanes, who represented the Colorado Trial Lawyers Association, which lobbied for the bill, said the new law would "provide the defendants with an incentive to make their offer of settlement a reasonable offer of settlement early on in the case."
June 16, 2008 at 12:00 AM
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