Court Opinion

ID: 9935236
Source: CourtListenerOpinion
Date Created: 2024-02-09 18:55:35.878624+00
Date Added: 2024-06-11T13:27:15.454595
License: Public Domain

The effect of the Court's order is to secure the judgment creditors twice. It is undisputed that Merrill Lynch, on order of Leon C. Baker, transferred title to Leon C. Baker's securities to an account in the name of the judgment creditors' attorneys, in the amount of $724,353.33. Merrill Lynch requested that it be allowed to interplead the $750,000 required by this Court, to be posted as a supersedeas bond, and to use the $724,353.33 transferred to the account of the Bennetts' attorneys as part of the $750,000. It seems to me that the Bennetts, if they win on appeal, would be protected by such an arrangement. To require Baker to post a supersedeas bond in the amount of $750,000, when $724,353.33 worth of Baker's assets have already been transferred to an account in the name of the Bennetts' attorneys, I *Page 984 
believe, is legally incorrect. This seems especially so in light of the fact that Baker's, arguments on the appeal appear to have some merit.