It depends on the jurisdiction. In some there is some judicial discretion. I saw a case where the amount was 111.1%. I am not admitted in New York and am too lazy to look up their rules. Usually the amount is enough to pay the whole judgment plus all costs (which shouldn’t be a very high percentage of such a huge judgment, lol).
One of my clients deposited the judgment amount plus court ordered costs in cash in an escrow account of the Court pending the appeal. The prevailing party received the judgment plus the interest the deposit earned (like an IOLTA).
its the appeal process that cannot begin until theres some bond posted thats a decent percentage, if not all of it. plus interest.
It is 125% of the total judgement.
It depends on the jurisdiction. In some there is some judicial discretion. I saw a case where the amount was 111.1%. I am not admitted in New York and am too lazy to look up their rules. Usually the amount is enough to pay the whole judgment plus all costs (which shouldn’t be a very high percentage of such a huge judgment, lol).
One of my clients deposited the judgment amount plus court ordered costs in cash in an escrow account of the Court pending the appeal. The prevailing party received the judgment plus the interest the deposit earned (like an IOLTA).
Michael Popok from Meidas Touch said it was 125% in NY. That’s where I got that figure from. I find him to generally be pretty reliable.
It can be reduced, but there is no good reason to do so here.