Summary judgment motion dismissed; settlement agreement did not bar insurer's subrogated claim for flood damages.
The defendant general contractor brought a motion for summary judgment seeking to dismiss a subrogated claim for flood damages, arguing it was barred by a prior Settlement and Release Agreement executed with the plaintiff property owner.
The court found that while the plaintiff and its property manager were sufficiently intertwined to be bound by the agreement, the objective factual matrix demonstrated the agreement was intended only to resolve uninsured, out-of-pocket expenses between the corporations directly.
The agreement did not encompass or extinguish the subrogated claims advanced by the plaintiffs' insurer.
The motion for summary judgment was dismissed.
Vista Hospitality Co., Canada, Inc. v. SST Group of Construction Companies Limited, 2021 ONSC 5605