Arleen V. Huggins

The plaintiffs sought to settle the terms of a formal Judgment following a successful motion to enforce a settlement agreement against the defendants.

The parties disagreed on several terms, including payment dates, the declaration of a fraudulent conveyance, the lifting of a Certificate of Pending Litigation, and the exchange of mutual releases.

The court adjusted the payment dates but awarded pre-judgment interest to prevent prejudice to the plaintiffs.

The court also held that the co-defendant was bound by the declaration regarding the fraudulent conveyance, as the settlement offer was made on behalf of both defendants.

The court declined to order mutual releases, noting they were unnecessary now that the settlement terms had become a judgment.

Following a judgment enforcing an offer to settle for $550,000, the plaintiffs sought substantial indemnity costs of $36,316.46.

The plaintiffs had previously offered to settle the motion for $500,000.

The court applied Rule 49.10(1) of the Rules of Civil Procedure, finding the plaintiffs were entitled to substantial indemnity costs as they obtained a judgment more favourable than their offer.

The court fixed costs at $30,000 inclusive of disbursements and HST.