Search Site
Menu
Be Careful What You Sign For Because You Just Might Get It The Finality Of Settlements
On behalf of Rubin & Licatesi, P.C. on Thursday, January 26, 2012.

One too many times a client has come to the firm with a personal injury settlement they are unhappy with. For some reason, they signed a release settling their claim for much less than it is worth; Maybe they really were short changed in the deal, maybe their previous representation did a bad job of negotiating on their behalf, maybe they feel their lawyer forced them into signing it or they didn’t understand what they were signing; Whatever the case may be, only in the most rare situation will Court allow a settlement to be undone. The fact of the matter is, the Court wants finality, they want the matter to be disposed of and thus if there is a valid release with your signature on it, it is likely the end of the road for you on that matter. Unfortunately, there is no room for Buyer’s remorse in the area of personal injury settlements.

A prime example of this type of situation came up recently in a Federal Appellate Court Decision. As depicted in the recent film The Social Network, the infamous Winklevoss twins had sued Facebook’s creator Mark Zuckerberg, alleging that facebook was originally their idea, and he had stolen it. After much negotiation, the Winklevoss twins eventually settled with Zuckerberg for only $64 million. The twins allege in this suit that they were defrauded in the course of settlement negotiations with Mr. Zuckerberg. They claim he did not disclose the true value of Facebook, and his misrepresentation of this material fact led to the eventual settlement.

Sounds like a really good reason to undo the settlement, since the settlement was not negotiated in good faith right? Wrong. The Appellate Court said the twins were represented by a lawyer and they signed a release which released Zuckerberg forever from liability to them. Essentially the Appellate Court said to the Winklevoss twins, “Two bad, you get what you signed for.”

The moral of the story here is that at some point a lawsuit must end, there must be some finality or the Courts would be more overcrowded then they already are, and nothing would ever get done. The decision cautions to all in contemplation of settling their lawsuit: Be careful what you sign for, because you just might get it.

For more information: Call (516) 478-0237
By: Candice L. Deaner, Esq.

Verdicts & Settlements

Over $100 Million in Verdicts & Settlements For Our Clients

  • $8 Million

    Plaintiff sustained a series of fractures and other injuries to the right shin, heel and foot, requiring nailing of the right tibia with two proximal and two distal locking bolts, ultimately resulting in below-the-knee amputation

  • $3 Million

    Infant plaintiff sustained encephalopathy as result of DPT vaccination administered by NYC Health and Hospitals Corporation.

  • $1.7 Million

    Plaintiff was involved in a car accident resulting in multiple disc herniations requiring percutaneous fluoroscopic-guided epidural treatment and lumbar fusion laminectomy.

  • $1.3 Million

    47 year old male police officer injured as a result of surgical malpractice by an orthopedic surgeon resulting in an inability to work and permanent impairment of gait.

Watch Our Videos
Meet Our Team
  • NYSTLA
    Nasaau County Bar Association
    NYSBA
    Queens County Bar Association
    ABA
  • ATLA
    Martindate Peer Review Rated
    Avvo Live Rating
    Avvo Live Reviews
    Avvo Clients Choice 2018
  • SuperLawyers
    US Union Network
    TNTL Top 100
    Top Attorneys NY Metro 2019
     
  • NYSTLA
  • Nasaau County Bar Association
  • NYSBA
  • Queens County Bar Association
  • ABA
  • ATLA
  • Martindate Peer Review Rated
  • Avvo Live Rating
  • Avvo Live Reviews
  • Avvo Clients Choice 2018
Contact us

Quick Contact Form