Pierringer release
Appearance
This articleneeds additional citations forverification.(September 2007) |
APierringer releaseorPierringer Agreementis a type ofsettlement agreement.In law, a settlement is a resolution between disputing parties about alegal casethat is reached either before or after court action begins.
The origin of the case is the Wisconsin tort law case ofPierringer v. Hoger.[1]
Features
[edit]A Pierringer Release has the following features:
- the settlingdefendant’s liability is segregated
- the satisfaction of the settling defendant’s liability to the credit of all parties to thelitigation
- theplaintiff’s ability to continue with the action against the remaining defendants
- the plaintiff’s agreement that it willindemnifythe settling defendant for any contribution sought from it by the non-settling defendant(s).
References
[edit]- ^Pierringer v. Hoger,124 N.W.2d 106, 21 Wis.2d 182 (1963)
Sources
[edit]- Peter B. Knapp, "Keeping the Pierringer Promise: Fair Settlements and Fair Trials," 20 William Mitchell Law Review 1 (1994)
External links
[edit]- Multi-Party Settlements: Breaking the Logjam(.pdf), Peter Cronyn & James Brown, November 2002.