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.