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Home / Opinion Digests / Business Law / Settlement Challenger Can’t Show Reliance (access required)

Settlement Challenger Can’t Show Reliance (access required)

A trust cannot overturn a settlement agreement and sue defendants on allegations that defendants misrepresented the value of stock to be transferred pursuant to the agreement settling the underlying suit; the Supreme Court of Virginia says the parties clearly were adversaries and plaintiffs cannot show they reasonably relied on misrepresentations and omissions by defendants as ...