The writer was awarded $83.3 million for his defamation. Now, she will have to figure out how to use it.
  • Bipta
    3•9 months ago

    Why 120%? To cover the interest that will accrue during the process?

            • gregorumEnglish
              2•9 months ago

              sorry I didn’t answer before— I don’t know why 120%.

              edit: according to some others who have answered this: it’s to cover any interest which might accrue during the appeal process.

                • gregorumEnglish
                  2•9 months ago

                  oh, no I felt bad that I didn’t answer the last person who asked because I got confused.

                  is it to cover interest? one would think that the holding institution would do that, but it makes sense that that shouldn’t be the ones responsible in a trust/escrow situation. I thought it might be a court fee situation, but a percentage amount wouldn’t make sense for that.

                  thanks for doing the research!

    • gregorumEnglish
      1•9 months ago

      sorry I didn’t answer this earlier— I don’t know why 120%

      edit: according to some others who have answered this: it’s to cover any interest which might accrue during the appeal process.