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Mon 31 Mar, 2003 06:48 am
Altria Unit Says It Can't Post
Bond to Appeal Tobacco Case
Court Seeks $12 Billion of Philip Morris USA;
S&P Warns Bankruptcy Might Be an Option
(WSJ online)
Why should any company have to post a bond before appealing a decision?
So they can't dump their assets during the appeal and then claim to be broke if they lose. Same as in most state's divorce courts, you can't hide or give away assets of the marriage and then say "House? What house in the Hampton's?"
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