Oberlin had to post an appeals bond on July 7, 2019, with Zurich Insurance Company as surety; so, if Oberlin doesn't pay up (after all appeals are spent), Zurich has to pony up. Zurich would get really ugly if they got stuck and Oberlin would not like the result.
Appeals bonds are not cheap.
65 posted on 04/11/2022 6:33:06 PM PDT by Mr. Lucky
Oberlin had to post an appeals bond on July 7, 2019, with Zurich Insurance Company as surety; so, if Oberlin doesn't pay up (after all appeals are spent), Zurich has to pony up. Zurich would get really ugly if they got stuck and Oberlin would not like the result.
I was wondering how this stuff works, I thought if you are appealing a fine above a certain amount you had to place the money you would be paying into an escrow account.