Wade v. Schrader
California Court of Appeal
1Opinion of the Court
Opinion
PREMO, J.
Plaintiff Thomas Wade sued defendants Donald and Jean Schrader (Schraders) and others, claiming that defendants had wrongfully deprived Wade of his stock in Enterprise Broadcasting Corporation (EBC). Wade settled his claims against several defendants and those settlements were judicially determined to have been in good faith. (Code Civ. Proc., §§ 877, 877.6.) Wade’s claims against the Schraders were resolved through binding arbitration. Although the arbitrator ruled in Wade’s favor, the amount of the award was less than the total Wade had received from the settling…
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