The defendants brought a motion for security for costs against the corporate plaintiff under Rule 56.01(1)(c) and (d) of the Rules of Civil Procedure.
The plaintiff had an unpaid costs order of $19,000 and outstanding executions exceeding $4,000,000.
The court found the defendants met their initial onus, and the plaintiff failed to provide sufficient financial disclosure to establish impecuniosity or demonstrate a good chance of success on the merits.
The motion was granted, and the plaintiff was ordered to post $50,000 in security for costs in stages.
