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Politics : Formerly About Advanced Micro Devices
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To: Bill who wrote (1436214)1/31/2024 1:23:03 PM
From: Tenchusatsu  Read Replies (2) of 1571020
 
Bill,
What if a regular person like you got sued in NY and the jury hated you and awarded $1 trillion to the plaintiff? You essentially have no appeal rights?
I finally asked Reddit.

They said that you still have the right to appeal. You don't have to deposit the judgement amount into an escrow account in order to appeal.

However, collection efforts can be initiated during the appeal process. Collection can start 30 days after the judgement, regardless of any pending appeal.

That's what payment into escrow is for. It's not to lock you out of the appeals process, but instead to protect the plaintiff's potential interest in your assets.

It's there, of course, to prevent the defendant from pissing away his assets while buying time to do so through appeal.

If you can't pay that amount into escrow, or you can't afford a bond that is typically 1-2% of the judgement, you can still apply to have the bond waived or adjusted due to your inability to pay.

Tenchusatsu

P.S. - To be fair, I should also tell you that Reddit is dominated by liberals. (The exception, of course, are some conservative and MAGA-themed subreddits.)
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