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 ?
As of June 30, 2018, the company's pro forma debt was BRL3.6 billion, considering its proportional stake in all subsidiaries, or BRL3.2 billion by the IFRS consolidation rule and Fitch's adjustments.
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.
This increased control for central governments mainly results from the EU fiscal consolidation rules as they take into account the general government debt or deficit, and make central governments responsible for LRGs' public finances in their respective countries.
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In order to minimize the ability of corporations to manipulate accounting standards for their own benefit, the IASB purposely wrote their consolidation rules in broad terms in order to address both current and future forms of business entities.
But since they are subsidiaries of large groups (based outside this territory), under business consolidation rules they are treated as large companies and cannot benefit from regional state aid.
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The federation launched the site shortly after a federal appeals court ordered the Federal Communications Commission to reconsider media consolidation rules, noting it failed to justify the easing of ownership limitations.
(46) Such property would include property deemed to be owned by the NRE under the consolidation rules. The property, however, would appear not to include property deemed to be owned by the NRE under the look-through rule in draft paragraph 94.1(2)(j).
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.