Richfood, Inc. v. Jennings

In this case, we address the scope of claims encompassed in a release and whether a subsidiary corporation that did not sign the release is nevertheless bound by it. Because the release applies only to claims that arose prior to its execution and because a subsidiary is separate and distinct from its parent corporation, we will reverse the judgment of the circuit court.

I

The material facts relevant to this appeal are not disputed. Richfood, Inc., is a wholesale food distributor providing goods and services to retail grocery stores. Market Insurance Agency, Inc., is a wholly-owned subsidiary of…