U-M Investments v. Ray

LEONARD RUSSON, District Judge:

This case is before us on appeal from the trial court’s dismissal of appellants’ motion for entry of judgment against respondents, who are sureties on a supersedeas bond. Appellants assert that the trial court erred in failing to enter judgment on the bond against respondents for the full amount of the underlying judgment secured by the bond. We agree and reverse.

Appellants obtained a $128,000 judgment against Ray and Bergstrom, inter alia, in an action for fraud. That judgment was appealed. This Court dismissed the appeal because the notice of appeal was…