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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (1448105)3/21/2024 6:18:51 PM
From: d[-_-]b  Read Replies (1) of 1573812
 
then why hasn't he found any underwriters for the ginormous bond that he was seeking?
nbcnews.com

Their efforts, including “countless hours negotiating with one of the largest insurance companies in the world,” have proven that “obtaining an appeal bond in the full amount” of the judgment “is not possible under the circumstances presented,” the filing said.

The other bond companies will not “accept hard assets such as real estate as collateral,” but “will only accept cash or cash equivalents (such as marketable securities),” the filing said. The lawyers also noted those companies typically “require collateral of approximately 120% of the amount of the judgment” — which would total about $557 million.
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