Consolidation rule

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.
     2. The term consolidation seems to be rather misapplied in those cases, for in point of fact there is a mere stay of proceedings in all those cases but one. 3 Chit. Pr. 644. The rule is now extended to other cases: when several actions are brought on the same bond against several obligors, an order for a stay of proceedings in all but one will be made. 3 Chit. Pr. 645 3 Carr. & P. 58. See 4 Yeates, R. 128 3 S. & R. 262; Coleman, 62; 3 Rand. 481; 1 N. & M. 417, n.; 1 Cow n 89; 3 Wend. 441; 9 Wend. 451; M. 438, 440, n.; 5 Cowen, 282; 4 Halst. 335; 1 Dall. 145; 1 Browne, Appx. lxvii.; 1 Ala. R. 77; 4 Hill, R. 46; 19 Wend. 23 5 Yerg. 297; 7 Miss. 477; 2 Tayl. 200.,
     3. The plaintiff may elect to join in the same suit several causes of action, in many cases, consistently with the rules of pleading, but having done so, his election is determined. He cannot ask the court to consolidate them; 3 Serg. & R. 266; but the court will sometimes, at the instance of the defendant, order it against the plaintiff. 1 Dall. Rep. 147, 355; 1 Yeates, 5; 4 Yeates, 128; 2 Arch. Pr. 180; 3 Serg. & R. 264.

References in periodicals archive ?
The revision allows some more time--from three months to a year--for companies to apply the consolidation rule to off-book vehicles that have never been considered special-purpose entities or vehicles that were set up for a unique, narrow purpose, such as raising financing.
WASHINGTON, March 8, 2013 /PRNewswire-USNewswire/ -- The FCC's ongoing relaxation of media consolidation rules allowing large corporations to own more media outlets - with another round of similar rulings expected in the next few weeks - has already resulted in the closing of many local TV and radio stations across the country, the loss of thousands of jobs for journalists and the muddling of the kind of diverse and objective reporting an informed electorate needs to fairly understand government actions and act as responsible citizens and voters.
In this month's column, I'll explain how the Financial Accounting Standards Board (FASB) is changing the derecognition and consolidation rules of U.
and international accounting consolidation rules and the convergence effort made in this area.
46) Such property would include property deemed to be owned by the NRE under the consolidation rules.
Additionally, as part of the NATOA conference, ITC members had an opportunity to hear from Federal Communications Commission Commissioner Michael Copps, who reiterated his concerns about recent media consolidation rules.
Proposed consolidation rules, expected to be finalized before the end of 2000, would require a parent to consolidate entities that it "controls" (under the FASB's new definition) even though it owns less that 50% of the entity's voting stock.
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.
Since the Aleri MLA engine is implemented on the Aleri CEP platform, users are able to customize the consolidation rules and analytics with the promise of ultra-low latency, scalability and a robust implementation that can deliver high reliability and ensure data integrity.
The FCC's ongoing relaxation of media consolidation rules allowing large corporations to own more media outlets - with another round of similar rule making expected in the next few weeks - has already resulted in the closing of many local TV and radio stations across the country, the loss of thousands of jobs for journalists and the muddling of the kind of diverse and objective reporting an informed electorate needs to fairly understand government actions and act as responsible citizens and voters.
Many believe that the elimination of radio consolidation rules created serious problems.
FASB has been considering revisions to its consolidation rules for 20 years.