A 4-way meeting is an opportunity for the parties to meet with their attorneys present to talk, to review and/or exchange documents, possibly review each other’s financial statement (if the parties agree to prepare them for the meeting), and to learn from one another what their relative positions are. A client and his/her attorney should prepare in advance for the 4-way meeting if they expect any real chance of working toward a settlement. The goal of a 4-way meeting is to outline possible settlement options. There may only be one such meeting, or more. It depends upon the case. Additionally, 4-way meetings are an opportunity to learn where each of the parties may be heading in terms of settlement or likely positions in litigation. Agreements arrived at in this process are committed to writing thus resolving them.