Ex Parte Spriggs Enterprises, Inc.

This is a petition for a writ of mandamus to compel the respondent trial judge to set aside an order permitting two of three codefendants to stay execution of a $1.25 million judgment entered against them by posting a supersedeas bond totaling only 62.5% of the total judgment. The writ is granted.

Plaintiff-petitioner was awarded $1.25 million in damages in its lawsuit against three corporate defendants. Defendants Lake Forest, Inc. and Diamondhead Corporation were permitted by the trial judge to supersede the judgment pending appeal by posting a bond in the amount of 62.5% of the judgment.…