Jan 10, 2010
Sudevi Mukherjee-Gothi quoted in Law Times: Mary Carter Ruling could have ‘chilling effect’
Law Times (Thomson Reuters), by Daryl-Lynn Carlson.
A recent case could have somewhat of a “chilling effect” on the use of so-called Mary Carter agreements. The Laudon ruling means lawyers will have to do a more accurate assessment of their cases, says Sudevi Mukherjee-Gothi. Mary Carter agreements are used to resolve complex lawsuits involving two or more defendants who hold a contract with a plaintiff that requires them to pay a specified settlement. The idea behind them comes from a 1967 Florida case called Booth v. Mary Carter Paint Co.
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