In a recent decision, the Delaware Court of Chancery determined that an agreement that required a release to be signed as a condition precedent to receiving severance benefits was enforceable, and that the failure to sign the release was a defense to the payment of severance benefits. An important aspect of this decision was that
release
Prior Release Bars Claims in Court of Chancery
By Francis Pileggi on
Posted in Court of Chancery Updates
Seven Investments, LLC v. AD Capital, LLC, C.A. No. 6449-VCL (Del. Ch. Nov. 21, 2011), read opinion here.
Issue Addressed: Whether a release agreement previously signed among the parties served to preclude the claims presented in this case.
Short Answer: Yes
Very Short Overview
This relatively concise decision of the Court of…