Remember Judge Acker’s order granting Renfroe compensatory sanctions against Dickie and the Rigsbys? They asked for a stay of execution pending the outcome of his appeal to the 11th Circuit Court. Well, they got it, but Judge Acker had to stick to Scruggs and waited until after the sentencing to do it — 11:19 a.m. today to be exact. Want to know how he accomplished this? Here’s how:
Plaintiff, E.A. Renfroe & Company, Inc., did not object to a deposit of cash in lieu of a bond, but did point out that interest will accrue in the judgment pending the appeal so that the cash deposit should be increased to cover the interest that will accrue. As of June 5, 2008, the date of the judgment, the interest rate was 2.15 per cent per annum. Without knowing the time within which a decision will be reached in the Eleventh Circuit, the court fixes the amount necessary to supersede at $70,000. When Richard F. Scruggs and The Scruggs Law Firm, P.A. increase their deposit FILED 2008 Jun-27 AM 11:19 U.S. DISTRICT COURT N.D. OF ALABAMA with the Clerk by $5,000, a stay of execution as against Richard F. Scruggs and The Scruggs Law Firm, P.A. will automatically be in place pending the appeal by Richard F. Scruggs and The Scruggs Law Firm, P.A. With this reservation, the motion for approval of cash in lieu of a supersedeas bond is GRANTED.
But the order itself says that the $65,000.00 is to be received within 30 days. Those 30 days aren’t even up.
[T]he motion of plaintiff, E.A. Renfroe & Company, Inc. (”Renfroe”) for compensatory sanctions is GRANTED. Within thirty (30) days, the Rigsbys and Scruggs shall pay to counsel for Renfroe the sum of $65,000, which, when received, shall be acknowledged on the record of this court.
Nowdy, this looks like another Judge has extorted money out of Scruggs, doesn’t it?
Filed under: Bellesouth, Dickie Scruggs, E.A. Renfroe, Judicial Ethics, Renfroe v Rigsby | Tagged: Acker, Alabama, Renfroe v Rigsby, Richard "Dickie" Scruggs
nowdoucit
Wouldn’t the $65,000.00 accrue interest anyway? Helloooo!
Order for sale?
Looks like it to me, duesouth.
I thought this was $75K, or am I mistaken?
The original compensatory sanction was for $65,000.00 as quoted from the Order above. Today, he ordered another $5,000.00 to be turned in as interest on the cash accepted yesterday, making it for now, $70,000.00. I’d think the cash would accrue interest. Maybe they’ll ask for interest on the interest as well. What do you think?
The typical appeal bond is for 1 and a half times the amount of the judgement, so this doesn’t seem very unreasonable.
The interest rate was low too Mr Claimsguy. I agree Scruggs and the sisters should be counting their blessings. Acker could have sent his friends in the Klan to collect the money.
sop