Opinion
Case No. 99-75354.
October 30, 2006
ORDER
Plaintiffs' motion to increase appeal bond requirements is before the Court for decision. Currently the judgment in this case and pre-judgment interest total approximately $38,500,000.00. The appeal bond, in the form of a letter, is in the amount of $27,576,000.00. This amount together with the net worth of defendant Autoliv, Inc. would likely be sufficient to secure plaintiff of payment of the judgment together with pre-judgment interest should plaintiff ultimately prevail. However, in their latest paper filed, plaintiffs suggest that only defendant Autoliv ASP, Inc. is liable for payment of the judgment and pre-judgment interest. If such is the case, then the appeal bond shall be increased to $41,000,000.00 as plaintiffs request.
Within ten (10) days Autoliv, Inc. shall advise the Court of its responsibility for payment of the judgment and pre-judgment interest. If it takes the position it has no liability to plaintiffs, then the appeal bond shall properly be increased to $41,000,000.00. If it advises the Court it is liable on the judgment and for the pre-judgment interest without qualification, then the motion will be denied.
SO ORDERED.