LogFAQs > #978961336

GTA1984 posted...

No. The money required for an appeal is similar to someone bonding out of jail. It is a guarantee that Giuliani will pay the judgement one way or the other should he lose the appeal. If he loses the appeal and elects to use his assets to pay the 146 million then yes he gets the bond back once he has paid the judgement. However if he loses and doesn't have the assets or won't use them then he loses the bond and it will go to Freeman and Moss to pay the judgement.

I believe this is correct, although I'm only familiar with my home jurisdiction on this. A supersedeas bond acts as security for the stay of the enforcement of a judgment (in that you can appeal without posting the bond, but the judgment against the appellant can still be enforced during the pendency of the appeal), so the bond is taken as satisfaction of the judgment if the appellant otherwise fails to comply after an unsuccessful appeal of the judgment.