Opinion ID: 696605
Heading Depth: 2
Heading Rank: 3

Heading: Security Requirement

Text: 29 The Federal Rules of Civil Procedures declare that 30 No restraining order or preliminary injunction shall issue except upon the giving of security by the applicant, in such sum as the court deems proper, for the payment of such costs and damages as may be incurred or suffered by any party who is found to have been wrongfully enjoined or restrained.... 31 Fed.R.Civ.P. 65(c). In issuing the preliminary injunction, the District Court refused to require that Eagle-Picher post security. According to the lower court, no security was needed because of the strength of Eagle-Picher's case and the strong public interest involved. Moltan argues that the District Court erred in not requiring Eagle-Picher to post a bond. 32 While we recognize that the language of Rule 65(c) appears to be mandatory, and that many circuits have so interpreted it, the rule in our circuit has long been that the district court possesses discretion over whether to require the posting of security. Roth v. Bank of the Commonwealth, 583 F.2d 527, 539 (6th Cir.1978), cert. denied, 440 U.S. 944, 99 S.Ct. 1420, 59 L.Ed.2d 632 (1979); Urbain v. Knapp Bros. Manuf. Co., 217 F.2d 810, 815-16 (6th Cir.1954), cert. denied, 349 U.S. 930, 75 S.Ct. 772, 99 L.Ed. 1260 (1955). We cannot overturn the prior published decision of another panel and are therefore bound by these previous decisions. Accordingly, we conclude that the District Court did not err in waiving the security requirement.