Many things are constructed by the law on the equitable concept of Good Faith. One of those constructs is Good Faith in reaching a settlement. If a Court cannot find objective evidence of such Good Faith, the settlement in such a case is subject to begin set aside as if the settlement was never arranged. Where Good Faith is found, on the other hand, the settlement will ordinarily survive.
"In sum, we agree with the district court that the settling parties entered into their settlement agreement in good faith. We therefore conclude that the district court did not abuse its discretion in approving the settlement agreement." In re September 11 Property Damage Litigation, 650 F.3d 145, 154 (2d Cir. 2011).
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