PS Capital, LLC v. Palm Springs Town Homes, LLC

PS Capital, LLC, appeals a post-judgment order granting a motion to intervene and a motion to stay execution of PS Capi tal’s $2.7 million judgment on a promissory note. One appellee, Palm Springs Town Homes, LLC, was the original obligor on the note (defendant below) and is now the judgment debtor. The other appellees, the intervenors, hold minority equity interests in Palm Springs Town Homes.

We find no legal or equitable basis for post-judgment intervention or for the un-bonded stay of execution — for an indeterminate term — granted by the circuit court. We therefore reverse the “Order re…