Sky View at Las Palmas, LLC v. Mendez

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The Supreme Court reversed the judgment of the court of appeals affirming the trial court’s denial of settlement credits in this case, holding that the trial court erred in failing to apply the one-satisfaction rule and therefore erred in denying the nonsettling defendant the settlement credits they sought. Plaintiff sued Defendants alleging, inter alia, breach of loan note and guaranty agreements, fraud, and conspiracy. The jury awarded Plaintiff damages of $2,665,832 and attorney’s fees. In response to Plaintiff’s motion for judgment, Defendants asserted that under the one-satisfaction rule, they were entitled to offset the final judgment by the amounts the four settling defendants paid to Plaintiff. However, the trial court rendered judgment against Defendants for the full jury award. The Supreme Court reversed, holding that Defendants were entitled to reduce the judgment by the total amount of the four settlements Plaintiff received and any applicable interest. View "Sky View at Las Palmas, LLC v. Mendez" on Justia Law