Trial Court To Boeing: Take It To The Court of Appeal

    CalBizLit blogged late last year on ICO's $630 million  thumping of Boeing from a Los Angeles Superior Court jury last Halloween.  All this in a contract dispute.

     Yesterday, Forbes reported that things didn't get any better in the post-trial motions.  The trial court upheld the award.  It'll bear interest at 10% until paid (and what investments do you have paying 10% just now?).  Moreover, if Boeing wants to appeal, they're looking at posting an appellate bond of a mere $1.2 billion to avoid execution, per CCP 917.1(b).  Although if they want to put up a cash deposit or get a bond from an admitted surety, it'll only cost them $945 million.