GreenStar Demands Full $21M Appeal Bond From Tutor Perini

Law360, Wilmington (December 7, 2017, 1:27 PM EST) -- Interest holders in GreenStar Services Corp. on Wednesday opposed a motion from buyer Tutor Perini Corp. to stay payment of a $21 million judgment pending its appeal of a suit in Delaware Chancery Court over unpaid earnout compensation, saying Tutor Perini must provide a surety bond for the full amount.

In its opposition brief, GreenStar IH Rep LLC said Delaware law provides an allowance for the stay of judgments pending appeal so long as the appellant provides sufficient security to protect the appellee’s recovery of the...
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