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: Delaware Business Litigation ReportCourt Of Chancery Bars Late Statutory Contribution Claim
By Edward M. McNally
Global Link Logistics Inc. v. Olympus Growth Fund III, L.P., C.A. 4444-VCP (January 29, 2010)
If you are a co-defendant in an arbitration case with a claim for contribution, you had better assert it in the arbitration proceedings. Otherwise, you may lose the right under the Joint Tortfeasors Act to make your co-defendant pay more than his pro rata share. This result follows under this decision because the Act requires the cross claim be asserted before "judgment" is rendered and the arbitration award counts as a judgment for that purpose.
Full post as published by Delaware Business Litigation Report on January 29, 2010 (boomark / email).
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