Settlement agreement

Definition and stakes

Portrait of Anthony Joseph Scirica Anthony Joseph Scirica,  A.D. Bedell Wholesale Co., Inc…

“ Direct Application of Parker An argument can be made that the Multistate Settlement Agreement, and any of its anticompetitive effects, were the direct result of state government action. [36] For each signatory state, there was active involvement by high ranking executive officials and the agreement was subject to state court approval. The Multistate Settlement Agreement was negotiated by Attorneys General from each state to settle existing and contemplated lawsuits. The Multistate Settlement Agreement required that,
each Settling State that is a party to a lawsuit . . .
”
Source: Wikisource

Portrait of John Sarbanes John Sarbanes,  H.R. 1 Division B, Title V, Subtitle B (2021)

“ SETTLEMENTS.—Any entity of the Federal Government which is authorized under any law, rule, or regulation to enter into a settlement agreement or consent decree with any person, other than a natural person who is not a corporate officer or person with equivalent authority in any other organization, in satisfaction of any allegation of an action or omission by the person which would be subject to a civil penalty or administrative penalty shall assess on such person an amount equal to 4.75 percent of the amount of the settlement. ”
Source: Wikisource

Nathan Clifford,  Hager v. Homson — Opinion of the Court

“ Oftentimes a party may be willing to yield something for the sake of a settlement; and if he does so with a full knowledge of the circumstances, he cannot affirm the settlement, and afterwards maintain a suit for that which he voluntarily surrendered. But the present case is one between vendor and vendee, and the rights of the parties must be measured by the terms of the agreement under which the sale and purchase were made. ”
Source: Wikisource

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