Word: brieant
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Last Friday, Judge Charles L. Brieant, who sits on the federal bench in White Plains, New York, waived a Texas law requiring Texaco to post a bond for the full amount of the penalty, plus interest, before it could proceed with its intended appeal...
Tribe said he became interested in the case because of Brieant's involvement. The judgement of a federal judge on a state ruling, Tribe said, raises questions concerning "the limits of federal judical power and the sovereignty of the state judicial system...
...Brieant decided that Texaco could proceed with its appeal upon posting a bond of only $1 billion. If Texaco were not able to post a bond, Pennzoil could have begun to claim its award while appeal proceedings continued. Texaco claimed that such a requirement would have forced it into bankruptcy before it could complete its appeal...
...Brieant's decision were upheld, Tribe said, it would set a dangerous precedent that might upset the constitutional balance between the federal and state judicial systems. Tribe said such a ruling would encourage corporations to look nationwide for judges who would be willing to overturn unfavorable decisions...
...decision, Brieant wrote that the size of the bond the Texas law required was "just so absurd, so impractical and so expensive that it hardly bears discussion...