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Showing one post in Delaware Uniform Contribution Among Tortfeasors Act.

Chancery Finds that Non-Settling Defendants Waived their Right to Seek a Settlement Credit Under DUCATA

Posted In Chancery, Damages, Delaware Uniform Contribution Among Tortfeasors Act, Fiduciary Duty, M&A


In re Mindbody Inc. S’holder Litig., Consol. C.A. 2019-0442-KSJM (Del. Ch. Nov 15, 2023)
The Delaware Uniform Contribution Among Tortfeasors Act (“DUCATA”) establishes the legal framework applicable when plaintiffs release only some joint tortfeasors through settlement. DUCATA creates a right of contribution among joint tortfeasors and specifies that an ultimate damages award against non-settling defendants can be reduced by amounts received in settlement from other joint tortfeasors. In this fiduciary duty action challenging the fairness of a merger, the Court ruled that, despite a settlement of claims against certain defendants, the non-settling defendants waived their right to seek a damages reduction. More ›

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