Pierringer_release

Pierringer release

Pierringer release

Type of settlement agreement

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

  1. [1]
    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)


Stub icon

This legal term article is a stub. You can help Wikipedia by expanding it.
Share this article:

This article uses material from the Wikipedia article Pierringer_release, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.