A Pierringer release or Pierringer Agreement is a type of Settlement Agreement. The origin of the case is Pierringer v. Hogan.
it has the following features:
- the settling defendant’s liability is segregated
- the satisfaction of the settling defendant’s liability to the credit of all parties to the litigation
- the plaintiff’s ability to continue with the action against the remaining defendants
- the plaintiff’s agreement that it will indemnify the settling defendant for any contribution sought from it by the non-settling defendant(s).