HRS §328L-7
Limits on appeal bonds for tobacco settlement companies
In lawsuits against tobacco settlement companies, the court sets the bond needed to pause a judgment during appeal, but the total bond for all appellants cannot exceed $150 million. However, if the other side proves the appellant is hiding assets to avoid paying, the court can require a bond for the full judgment.
businessescourts
The statute, as written — Limitation on bond requirements in litigation involving master settlement agreement signatories, successors, and affiliates
(a) In civil litigation under any legal theory involving a signatory, a successor of a signatory, or an affiliate of a signatory to the tobacco master settlement agreement, the supersedeas bond to be furnished to stay the execution of the judgment during the entire course of appellate review shall be set in accordance with applicable laws or court rules, except that the total bond that is required of all appellants collectively shall not exceed $150,000,000, regardless of the amount of the judgment. (b) Notwithstanding subsection (a), if an appellee proves by a preponderance of the evidence that an appellant is dissipating assets outside the ordinary course of business to avoid the payment of a judgment, a court may require the appellant to post a bond in an amount up to the full amount of the judgment.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.