Set-Off when Entering into Settlements in Multi-Party Disputes

Lawsuits oftentimes involve multiple parties. This could include multiple defendants or third-party defendants, whatever the case may be. During the course of the dispute, there are avenues for settlement. With a multi-party dispute, sometimes the stars are aligned where a favorable global settlement works out. Sometimes, a party needs to settle with some, but not all, of the defendants. This means the plaintiff will need to try the case against the remaining defendants (or parties). The remaining defendants, obviously, want the settlements with the settling defendants to be used to set-off any damages or judgment entered against them. For example,...