An order for securities for costs is meant to ensure that defendants can receive remuneration from an unsuccessful plaintiff. Monies are verified or set aside until the case is completed. If a securities for costs order is not met, a case may be dismissed. For the courts, deciding whether this is necessary can be a balancing act that weighs the hardship of a defendant who cannot recover costs, versus the financial burden to the plaintiff.
This content is for 1-3 Team Members, 7 Day Trial, 4-10 Team Members, 4-10 Team Members (Sponsored Member), 11-20 Team Members, 11-20 Team Members (Sponsored Member), $695 One Time Membership Rate Lock, Single Subscription, Additional 1 User, Additional 2 Users, Additional 3 Users, Additional 4 Users, 6 Pack, and Additional 9 Users members only. Visit the site and log in/register to read.
The post COVID as a Factor in Securities for Costs appeared first on Litigation Finance Journal.