by ZindagiNaMilegiDobaara 7 Replies latest jw friends
WATCTOWER has posted a $40,000,000 bond following Montana's upholding of the Nunez v Watchtower verdict of 2018. Punitive damages have been upheld, and WT has purchased the bond from Travelers Insurance (35M+ interest)-Montana SC will rule later this year on the appeal.
What does that mean? They posted a bond in case they run away or what? I'm totally ignorant.
@Days Of FP
They had to take out the 40 million dollar bond because they don’t have 35 million in liquid cash around. Despite selling Brooklyn Bethel for almost 2 billion, and selling Kingdom Halls
the courts required that the Wtbts either put if the cash or post a bond to cover the judgement. Since they do not have that kind of liquid cash; Putting up the bond assures the party that was awarded the judgement that they will be paid even if the appeal fails for the Wtbts. If the Wtbts loses and runs out of appeals they will have to pay for the judgement. If for some reason the Wtbts doesn’t pay the bond would be used to award the judgement to the victim and then Bonding company would go after the Wtbts to be made whole again.
This si what I can gather
2 more verdicts like that and it's safe to say good by wt!
I wonder if they'll sell off kingdom halls making older witnesses drive in the rain 30 minutes to get to meetings? and other properties to come up with more money? Wait, they've already done that. lol Jerks.
Wow.
Thanks for the heads up. Any links to the original case please?
PM John redwood who mentioned in the other same post down the rows that he will do a full article on this and give furthur updates. This find is his hardwork. I just stumbled into it. Trying to find the link , cant find it. Very particular settings in my browzer so do not have history to look into (if you get my drift),
Zing
Here is a link to the other thread.
This one is a bit broken due to formatting of OP
