Spatz v. Mellins

Motion by defendant to limit to $100,000 the amount of security pending his appeal from a judgment against him and, in the meantime, to continue the present stay. The judgment is for $300,260, based upon a verdict rendered by a jury in an action for personal injuries. Defendant’s liability coverage is in the sum of $100,000, and the insurance carrier stands ready to file a bond in the said sum.

Defendant contends that he has no personal assets or collateral security remotely approaching the judgment balance of $200,260 which would remain to be secured, and is therefore unable to post security…