Parking Concepts, Inc. v. Tenney

OPINION

HURWITZ, Justice.

¶ 1 In holding that a judgment stipulated to pursuant to a Morris agreement was reasonable, the superior court in this case relied on the fact that the insureds could have lost their real estate licenses as a consequence of an adverse result in the underlying action. We granted review to decide whether such potential consequences to an insured should be considered in determining the reasonableness of a Morris settlement.

I

¶2 This case arises out of a real estate transaction. Gary Tenney brokered the deal, under which Parking Concepts, Inc. (“PCI”) would acquire an…