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You both apparently misunderstand what a bond is.

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Post# of 155043
(Total Views: 860)
Posted On: 12/22/2021 10:40:59 AM
Posted By: MarcS
Re: HHIGambler #113059
You both apparently misunderstand what a bond is.
An injunction is EXTREME relief granted before the case is over and decided.
Effectively, the bond protects the company it is issued against (the loser) in case the injunction was wrongly decided. (This post is not legal advice).
Here is a bonding company describing an injunction bond:
https://www.absolutesurety.com/bond/litigation-bond/
Keep in mind that the injunction was issued, per the injunction order, after it determined:
Quote:
Plaintiff is likely to succeed on the merits; absent relief, Plaintiff will suffer irreparable harm; the balance of equities tips in Plaintiff's favor; and an injunction would be in the public interest.


Yes, the Judge said that CytoDyn "is likely to succeed on the merits."
And, again IT'S ONLY A BOND, NOT A PAYMENT TO AMAREX. Usually a company pays a premium (not the bond amount) to a Bonding Company to issue such a bond.
Look at how this bonding company ( https://www.absolutesurety.com/bond/litigation-bond/ )
describes the cost of the bond:
Quote:
What Do They Cost?
The court establishes the required bond amount based on the value of the disputed assets. The surety assesses the applicant’s credit and the major facts of the case and sets an appropriate premium rate. This is a percentage of the total bond amount that the applicant will pay. Collateral may be required in some cases. Applicants with good credit typically pay 1-3% of the bond amount as the premium.


(This post is not legal advice).


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