Great Western Bank v. Converse Consultants, Inc.

Opinion

GRIGNON, J.

A cross-defendant enters into a good faith settlement with the plaintiffs, agreeing to pay the plaintiffs a sum of money which will offset any judgments the plaintiffs obtain against the defendant and cross-complainant. The trial court dismisses the cross-complaints and awards the cross-defendant its costs. The cross-complainant appeals the award of costs, contending it is the prevailing party on the cross-complaints in light of the fact that it obtained a net monetary recovery by virtue of the offset of the cross-defendant’s settlement from the plaintiffs’ judgments against…