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Florida court rules that defendant cannot be forced to pay settlement proceeds into QSF
  • Drinker Biddle & Reath LLP
  • USA
  • June 27 2011

A Florida state court has ruled that where the plaintiff and a defendant reached a settlement agreement in resolution of the plaintiff’s claims, but the defendant did not agree to pay the agreed-upon settlement proceeds to a Qualified Settlement Fund (“QSF”) created pursuant to Section 468B of the Internal Revenue Code and related treasury regulations, the court would not force the defendant or its insurer to do so.

Kay A. Gordon
  • Drinker Biddle & Reath LLP

Timothy J. O'Driscoll
  • Drinker Biddle & Reath LLP

Diana E. McCarthy
  • Drinker Biddle & Reath LLP

Robert L. Jensen
  • Drinker Biddle & Reath LLP