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Consolidation rule |
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CONSOLIDATION RULE, practice, com. law. When a number of actions are brought
on the same policy, it is the constant practice, for the purpose of saving
costs, to consolidate them. by a rule of court or judge's order, which
restrains the plaintiff from proceeding to trial in more than one, and binds
the defendants in all the others to abide the event of that one; but this is
done upon condition that the defendant shall not file any bill inequity, or
bring any writ of error for delay. 2 Marsh. Ins. 701. For the history of
this rule, vide Parke on Ins. xlix.; Marsh. Ins. B. 1, c. 1 6, s. 4. And see
1 John. Cas. 29; 19 Wend. 23; 13 Wend. 644 5 Cowen, 282,; 4 Cowen, 78; Id.
85; 1 John. 29; 9 John. 262.
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| While we don't understand the media consolidation picture in Los Angeles today it would make me nervous to eliminate these consolidation rules for the whole country' the person said. These consolidation rules also would be extended to include not-for-profit organizations, trusts and partnerships as well as business corporations, toward which current standards for consolidation policy are primarily directed. 1 result, while 34% said that more innovation or new types of issuance vehicles would be one way the market copes with potentially deleterious SPE consolidation rules. |
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