Limits on Appeal Bond: S.B. 199 (2018)
The bill limits the amount a defendant would have to
The bill limits the amount a defendant would have to pay to appeal a decision in civil litigation to $25 million. It also creates a rebuttable presumption that an appellant will suffer an undue hardship when the judgment amount exceeds $2.5 million, the defendant is a small business, and judgment is for a claim arising from activities within the appellant’s ordinary course of business. For these purposes, “small business” would be defined as a sole proprietorship, partnership, limited liability company, corporation, or other business entity, whether for-profit or not-for-profit, with between 2 and 50 employees that is not a corporate affiliate or subsidiary of, or owned in whole or in part by any other business.
ATRA Reiterates Support for Chapter 11 Bankruptcy Use to Address Mass Tort Litigation, Urges Meaningful Dialogue Amid Senate Judiciary Committee Hearing
The lack of oversight and transparency around third-party litigation funding threatens the integrity of our legal system
Together, let’s forge a legal landscape that makes equitable access to justice a living reality for all Georgians.
This is an opportunity to reassess the practices and regulations surrounding private-attorney contracting and to enact reforms that promote fairness, transparency and value for taxpayer dollars.
Allowing the company to continue the bankruptcy process will help ensure equitable and efficient resolution in complex mass tort claims