Social:Pierringer release

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.

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).

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.