Posted: 7/6/2012
Appeal Bond Reforms [S]
Our Position
A number of states require defendants to post an appeal bond which often equals 150 percent of a verdict in order to have the right to appeal. In a multi-million case, this could force an individual, a company, or an industry into bankruptcy. NAMIC supports appeal bond reform that limits the size of an appeal bond when a company is not liquidating its assets or attempting to flee from justice.