The IAS Court properly reformed the stipulation of settlement placed on the record in open court to reflect the true intentions of the parties in entering into a "high-low" settlement agreement. Although the agreement placed on the record was not ambiguous, the court was warranted in concluding that it was the product of mistake since its terms were contradictory to that which is universally understood to be a "highlow" agreement (Curtis v Albee, 167 N.Y. 360, 364...
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