New York Courts Continue to Enforce Broad General Releases, Even When Claims are Unforeseeable at the Time of Contract Execution

In Chadha v. Wahedna, 2021 NY Slip Op. 50509(U) (Sup. Ct. N.Y. Cnty. 2021), Justice Ostrager of the New York County Commercial Division, dismissed Plaintiff Nilsa Chadha’s (“Plaintiff”) claims in their entirety due to Plaintiff’s execution of a general release. In Chadha, Plaintiff was the co-founder, as well as former Chief Operating Officer, board member and shareholder of Defendant Wahed Inc. (the “Company”), a financial technology and services company that offers financial opportunities...
By: Sheppard Mullin Richter & Hampton LLP