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Daily Archives: Friday, December 21, 2018

Posted: December 21, 2018

Defendant Ratified Settlement Agreement By Accepting Benefits Despite Failure to Satisfy Express Condition

On December 13, 2018, the First Department issued a decision in GEM Holdco, LLC v. RDX Tech. Corp., 2018 NY Slip Op 08564, holding that a settlement agreement was enforceable, even though a condition of the contract was not satisfied, because the defendant ratified the agreement.  (N.B.  Schlam Stone & Dolan partner Bradley Nash represented... Read more »