California Code of Civil Procedure (“CCP”) Sections 877.6 and 877 create a procedure whereby a settling defendant can be insulated from claims of contribution and indemnity from non-settling codefendants. This arises in cases of joint tortfeasors, environmental or asbestos situations where one defendant wants to extricate itself and eliminate the risk of future cross claims […]
Barry Freeman’s Daily Journal article, “Thoughts on the Psychology of a Workout,” was republished in the Agribusiness Committee E-Bulletin, a publication of the Business Law Section of the State Bar of California.
Thoughts on the Psychology of a Workout Reprinted with the permission of Daily Journal Corp. (2010) The psychological interplay between debtor and creditor in a workout of a classified or defaulting loan frequently involves many issues that go beyond the “law” and the language of loan documents. There may well be significantly conflicting emotional pressures […]