Mazzella v. Koken

OPINION

SAYLOR, Justice.

This is an appeal from an order of the Commonwealth Court granting an application to enforce a settlement agreement purportedly reached in the course of an insurance liquidation action. We conclude that the Commonwealth Court erred in finding that the parties had entered into an enforceable settlement agreement, and therefore reverse.

Appellant Louis Mazzella (“Mazzella”) is the president and sole shareholder of Colonial Investment Company, which in turn is the sole shareholder of Colonial Assurance Company (“Colonial”). On March 28, 1984, the Commonwealth Court entered…