Many states require defendants to post an appeal bond – sometimes equal to 150 percent of a verdict – in order to secure the right to appeal.
In an era when billion-dollar verdicts are no longer uncommon, appealing a jury verdict can force an individual, a company, or an industry into bankruptcy.
ATRA supports appeal bond reform legislation that limits the size of an appeal bond when a company is not liquidating its assets or attempting to flee from justice.
Limits the amount that signatories to the Master Settlement Agreement are required to pay to secure the right to appeal to $100 million.
Limits the amount a defendant can be required to pay to secure the right to appeal to $25 million.
Broadened 2003 law to apply to all causes of action regardless of when they accrued.
Limits the amount a defendant can be required to pay to secure the right to appeal to $25 million.
Limits the amount a signatory to the Master Settlement Agreement can be required to pay to secure the right to appeal to $125 million.