Dunlop Tire Corp. v. Farley

SAM A. BEATTY, Retired Justice.

Odie T. Farley was injured in 1988 during the course of his employment with Dunlop Tire Corporation (“Dunlop”). After Farley filed a complaint seeking workmen’s compensation benefits, the parties agreed to settle the case. Pursuant to the parties’ settlement agreement, the trial court entered a final judgment in January 1990, which stated as follows:

“The total sum of $40,000.00 to the Plaintiff and $22,500.00 to the Honorable J. Zach Higgs, Jr., and the annuity as above described [$500 per month for life with a 20-year guarantee] being the amounts agreed upon by…