Buyer’s remorse breeds buyer’s recourse, Daily Journal

By Louie H. Castoria, Esq.
(January 30, 2015)

“We have a settlement!” the mediator proudly announces. The parties have agreed, perhaps grudgingly, to re-leash the dogs of war they had let slip when the lawsuit began, have made their peace, and have released everyone: the opposing parties, their spouses, agents, counsel, insurers, and assigns – everyone except their own lawyers.

Having consented in writing or on the court record to settle, a settling party who later develops “buyer’s remorse” cannot simply back out of the agreement, but may instead seek “buyer’s recourse” by suing his or her own lawyer …