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This
handy calculator will help you to quickly determine how much each defendant
will pay in damages when there is a Pierringer partial settlement between the
claimant and one of the defendants. The calculator also provides an
analysis on how much better, or worse, the claimant does with the Pierringer
Agreement in place, and how much of a credit the non-settling defendant will
receive as a result of the partial settlement. All that is required, as
input, are: i) the quantum of damages awarded at trial, ii) the degree of
fault attributed to each party, and iii) the amount the settling defendant
agreed to pay (regardless of the outcome at trial). Thereafter, the
Pierringer Payout Calculator does the rest, based on the law as espoused in Gendron v. Doug C. Thompson Ltd. (Thompson
Fuels), 2019 ONCA 293 (CanLII) ("Gendron").
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