A Pierringer release or Pierringer Agreement is a type of settlement agreement. In law, a settlement is a resolution between disputing parties about a legal case that is reached either before or after court action begins.
The origin of the case is the Wisconsin tort law case of Pierringer v. Hoger.[1]
Features
A Pierringer Release has the following features:
- the settling defendant’s liability is segregated
- the satisfaction of the settling defendant’s liability to the credit of all parties to the litigation
- the plaintiff’s ability to continue with the action against the remaining defendants
- the plaintiff’s agreement that it will indemnify the settling defendant for any contribution sought from it by the non-settling defendant(s).
References
- ^ Pierringer v. Hoger, 124 N.W.2d 106, 21 Wis.2d 182 (1963)
Sources
- Peter B. Knapp, "Keeping the Pierringer Promise: Fair Settlements and Fair Trials," 20 William Mitchell Law Review 1 (1994)
External links
- Multi-Party Settlements: Breaking the Logjam (.pdf), Peter Cronyn & James Brown, November 2002.
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This page was last edited on 6 April 2024, at 17:19