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Courts Disagree as Dallas Judges Uphold Bond for $404M Judgment

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Dallas Appeals Court Upholds Ending Joint Bond in $404M Judgment | Texas Lawyer
















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https://www.law.com/texaslawyer/2024/04/11/courts-disagree-as-dallas-judges-uphold-bond-for-404m-judgment/

Court exhibit of crane collapse at Elan City Lights apartment community. Courtesy: Arnold & Itkin

Greystar did not try to stop or delay the foreclosure in an “unmistakable effort to improperly dissipate assets that would hinder (plaintiffs) attempt to collect the full amount of the judgment,” the plaintiff attorney Andrew Gould said.

April 11, 2024 at 05:35 PM

4 minute read

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What You Need to Know

  • The Dallas appeals court upheld an order requiring three defendants each post $25 million bonds to appeal a $404 million wrongful-death judgment.
  • The trial court originally accepted a joint bond for $25 million, but revised the order after finding that insufficient.
  • The decision adds to the debate among appellate courts on bonds applying to judgments or judgment debtors.

The Dallas appellate court affirmed a bond order on a $404 million interlocutory judgment, putting the court opposite a sister court ruling that bonds apply to the judgment, not the judgment debtors.

Justice Maricela Breedlove authored an opinion on a motion to stay enforcement of a judgment pending appeal for a Fifth District Court of Appeals three-judge panel.

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