Posting Bond For Injunctive Relief In King
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A preliminary injunction bond is generally required to be posted by the plaintiff in a court case when a plaintiff wants to prevent the other party (the defendant) from a certain action. This type of bond indemnifies the defendant against loss if it is determined that the injunction should not have been granted.
Injunctions can offer relief where monetary compensation does not suffice or is not appropriate. For example, in the case of bankruptcy, it is more appropriate to ask debt collectors to halt their collection efforts than to request financial rewards.
Injunctions may be granted to restrain a wide range of acts: a breach of contract, such as a contract against engaging in a competing business; the commission of a tort (e.g., a nuisance); an injury to property (e.g., the of a wall on the plaintiff's land); wrongful expulsion (e.g., from a club or a trade ...
What Is an Injunction and Why Is it Used? Injunction relief—also known as injunctive relief or simply as an injunction—is a court order that prohibits an organization or an individual from taking a specific action. Conversely, an injunction may also require an entity to take a certain action.
Although the test for obtaining a TRO or PI may vary slightly across jurisdictions, generally a plaintiff seeking preliminary injunctive relief must satisfy a four-factor test: (1) that he or she is likely to succeed on the merits of his claims; (2) that he or she is likely to suffer irreparable harm without ...
Generally speaking, there are two kinds of relief available through an injunction: prohibitory and mandatory.
A temporary restraining order (TRO) is a common preliminary injunctive relief example. For instance, a court order placing the sale of a company on hold while a breach of fiduciary duty or a shareholder derivative lawsuit is ongoing.
To warrant preliminary injunctive relief, the moving party must show (1) a substantial likelihood of success on the merits, (2) that it would suffer irrepa- rable injury if the injunction were not granted, (3) that an injunction would not substantially injure other interested parties, and (4) that the public interest ...
Contempt of Court and Enforcement If a party fails to comply with the order, the court can hold the party in contempt of court. Contempt of court can result in fines, imprisonment, or both. The injured party can also seek enforcement of the injunctive order through the legal system.
