Not a lawyer, so I asked AI how much this whole Propel debacle could cost. It's a little more complicated than I thought. You need a bond 1.5x of judgement, accrues simple interest. A company with strong credit pays 1-2% premium for bond. Oh yeah and expensive lawyers. Math below:
Original: $605 million
Judge: +$1.2 billion (malicious intent)
Law Firm to Appeal: +$150-$225 million ($50 million - $75 million per year, 3 yrs)
Simple Interest: +$540 million (10% simple, 3 years on $1.8 billion)
Bond Surety: +$162 million (1.5x Bond needed to cover $1.8 billion judgement, 2% premium, 3 yrs)
Lose Appeal: $2.65 billion - $2.72 billion
Win Appeal: $312 million - $387 million
So who is responsible for this again?