Velsicol Chemical Corp. v. Davidson

OPINION

This appeal involves a challenge by a non-settling defendant to the district court’s approval of a settlement between a co-defendant and the plaintiff. Appellant, Velsicol Corporation (Velsicol), claims that the district court failed to consider certain factors in finding that the settlement was made in good faith. [Headnote 1]

NRS 17.245 requires a settlement to be a “good faith” settlement, but gives little guidance in applying this standard. This court has never discussed the meaning of “good faith” as it is used in NRS 17.245. Velsicol argues for an interpretation consistent with…