Pierringer definition
Examples of Pierringer in a sentence
The Pierringer Agreement is cleverly designed to resolve this cross-claims dilemma and thus allow S to settle with P without the concurrence NS.
Pierringer Agreements are sometimes called “Proportionate Share Settlement Agreements” and are somewhat more straightforward and user-friendly than a MCA.
In Sable Offshore Energy Incorporated, the Nova Scotia Court of Appeal defines a Pierringer Agreement as "an agreement which allows parties to a proceeding to settle claims and the settling defendants to withdraw from the litigation, leaving the remaining defendants responsible only for the loss they actually caused with no joint liability with the settling defendants.
Litigants are motivated to settle Pierringer and ▇▇▇▇ ▇▇▇▇▇▇ Agreements We also.
Similarly Pierringer or ▇▇▇▇ ▇▇▇▇▇▇ type agreements in other jurisdictions.
A Pierringer settlement is when a plaintiff in a civil lawsuit involving multiple.
Where S settles for less than its proportionate share determined at trial, as the above tables illustrate, under both the ▇▇▇▇ ▇▇▇▇▇▇ agreement and the Pierringer agreement, P must absorb the shortfall.
The Master Trustee shall have the right to rely on and shall be fully protected in acting in accordance with any resolution, order, request or instruction which it believes to be genuine and which purports to have been signed or transmitted in accordance with this section.
The parties specifically contemplate that this Release will have the same effect as the releases used in the case of Pierringer ▇.
Plaintiff’s, and the members of the Classwho do not validly opt-out, waiver of rights to recover from any third party any portion, fraction or percentage of liability which may be attributable to any act or omission of the Released Parties is consistent with the release in Pierringer ▇.