Court Opinion

ID: 802009
Source: CourtListenerOpinion
Date Created: 2012-06-11 17:08:26+00
Date Added: 2024-06-11T18:00:02.480817
License: Public Domain

PER CURIAM:
  
   *
  

  After the district court found in favor of the plaintiff on liability, but before it de
   
   *336
   
  termined the amount of damages in a bench trial, the plaintiff and all defendants entered into a high/low agreement setting a floor and ceiling for the amount that the insurer, Aequicap Insurance Company, would pay on behalf of its insureds, depending upon the district court’s judgment. The district court’s determination fell within the amount agreed upon, and when Aequicap failed to pay as agreed, the district court ordered the agreement enforced upon motion by the plaintiff. The district court’s judgment after the insurer became insolvent that the insureds were jointly and severally liable was not inconsistent with either the initial liability judgment or the high/low agreement. The liability judgment merely determined that Roach was the sole proximate cause of the accident. The high/low agreement provided that Aequicap’s payment of damages was on behalf of
  
   both
  
  the insurer
  
   and
  
  the insureds. The high/low agreement did not absolve the insureds of liability, but rather established the total amount of damages in an enforceable contract, to which the insureds were parties.
  
   See
  
  La. Civ.Code Ann. art. 3071 (defining a compromise as a contract between the parties to it).
 

  AFFIRMED.
 

   *
  

   Pursuant to 5th Cir. R. 47.5, the court has determined that this opinion should not be published and is not precedent except under
    
    *336
    
   the limited circumstances set forth in 5th Cir. R. 47.5.4.