Flood v. Katz

SCHROEDER, Chief Justice.

This ease involves an effort to set aside a satisfaction of judgment and order of dismissal entered following a mediated settlement of a judgment.

I

FACTUAL AND PROCEDURAL BACKGROUND

Robert A. Flood and other plaintiffs (collectively “Flood”) filed a securities fraud suit against Irwin A. Katz (“Katz”), a current Texas resident, and co-defendants in district court in March 1994. The district judge entered judgment in favor of Flood in December 2002 ordering the defendants to pay $1,158,943 plus interest. Katz appealed the judgment. While the appeal was pending Flood…