2 posts categorized "Senator Ray Lesniak"

Friday, November 15, 2013

Legislative Update - bill to extend appeal bond cap advances

S-3030, the Economic Opportunity Act of 2013 II, advanced from the Senate Commerce Committee on Thursday, November 14th.  Part of a larger economic growth package, Section 3  would cap appeal bonds at $50 million. 

New Jersey law requires a defendant to post an appeal bond at least equal to the full amount of the judgment.  However, in 2003 the Legislature approved a $50 million cap on appeal bonds for tobacco companies that participated in the Master Settlement Agreement. 

This bill would extend that cap to all defendants.  Under the bill, a court would have discretion, after notice and hearing and for good cause shown, to reduce the appeal bond to an amount lower than the judgment. 

The bill is sponsored by Senator Raymond Lesniak (D-Union).  It now heads to the Senate Budget Committee for additional review. 

CLICK HERE for more information on Section 3, the appeal bond cap

Previous coverage

Friday, September 21, 2012

NJ is Treacherous Ground for Physicians: A Panel Discussion

Ten years ago the Medical Society of New Jersey (MSNJ) worked hard to enact meaningful medical liability reform in New Jersey.  Since then, court decisions have gutted key statutes and insurance premiums have skyrocketed.  We are now on the brink of a severe doctor shortage as other states enact liability reform and attract new physicians. 

MSNJ will be hosting a panel discussion on Thursday, September 27th with leading legislative and legal experts to discuss what can be done to combat the unique issues facing New Jersey’s doctors and their impact on public health. 

To register for this free event, please click here to visit the Medical Society’s website