16
Jun
2017

Will your insurance company put up the supersedeas bond required for your appeal?

Westlaw Journal Insurance Coverage

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PUBLISHED ON: June 16, 2017

It’s the dreaded moment that no general counsel wants to think about — the jury has ruled against your company in a major lawsuit, and has ordered that it pay significant damages to a defendant.

Your attorney assures you that the decision is wrong, and that you are sure to win on appeal.

In the meantime, however, you need to keep the plaintiff from executing his judgment and raiding the company coffers.

That’s where a supersedeas bond comes into play.