There are several types of white collar offenses that may be tried in federal court. According to the United States Courts. federal courts will hear bankruptcy cases as well as criminal and civil cases.This includes securities fraud, securities class action suits, labor racketeering, and copyright and patent infringement. In addition to these types of cases, international and other types of disputes may also be heard in federal courts. It is important to note that after a case has been decided that may be appealed in some, but not all, instances.
Federal civil cases used to go to trial more often than they do today, however. In 1962, for instance, 11.% of these and similar types of cases went to trial. Currently, an estimated one percent are tried in federal courts, as cited by experts. There are several reasons for this reduction in trials. In addition to avoiding delays so that pressing disputes can be resolved, the expenses associated with going to trial can also be reduced, as stated by the United States Courts.
In order to resolve disputes out of court, judges will often encourage the litigants to resolve their issues with mediation, arbitration, or another type of alternative dispute resolution, according to the United States Courts. Due to utilizing these alternate legal processes, the litigants may or may not agree to a settlement. When the litigants are unable to agree to this, the case will then go to trial. In some instances, the parties may request a jury trial. In the event that the parties waive their right to a jury trial, a judge will then proceed to hear the case without a jury present.
Securities fraud class action suits, as well as other types of class action suits, will usually be handled by FedArb Arbitrators or Panels in the same way which they are under FRCP 23. The exception to this would be when modifications to this have been made by all of the parties involved. This includes certification, notice, and settlement.
Given that more cases are being handled by alternate dispute resolution and do not go to trial, they are often resolved in less time and expense. Furthermore, since disputes can be mediated so that the parties involved are able to resolve their differences, arrive at a settlement, or proceed on other types of cases such as securities fraud, It’s not surprising that handling federal civil cases in this manner is often the preferred method for a broad range of situations.