Commercial Division Denies Application to Enforce Stipulation of Settlement for Lack of Standing
By EsqSocial Corporation 01/06/21
The Full Faith and Credit Clause of the United States Constitution provides that “Full Faith and Credit shall be given in each State to the public acts, records, and judicial proceedings of every other state.” In terms of stipulations of settlement, New York courts favor such stipulations and will rarely set them aside absent the presence of “fraud, collusion, mistake or such other factors as would undo a contract.”...
By: Farrell Fritz, P.C.