AN ACT CONCERNING A PLAINTIFF'S REJECTION OF AN OFFER OF COMPROMISE.

SB 762 would require a plaintiff who rejects a defendant's settlement offer (filed within 18 months of the case's return date) to pay the defendant's attorney fees and litigation costs if the plaintiff later fails to recover more than the offered amount. This applies directly to individuals or entities initiating civil lawsuits who decline settlement proposals. The bill mandates that plaintiffs provide a bond or financial guarantee to cover these costs when rejecting such offers, aiming to discourage unnecessary litigation. Its purpose is to promote efficient dispute resolution by clarifying financial consequences for rejecting reasonable settlement terms. (SB 762, 2025 January Session)