Compound vs. Simple Interest on Post-Judgment Awards
Synthèse Legislator
Généré par l'IAThe matter concerned the calculation of an interest award following a judgment, specifically the propriety of applying a compound interest rate derived from a prior stipulated agreement to the post-judgment period, where the underlying stipulation governed only pre-judgment interest. The court reasoned that absent an express contractual provision or clear statutory authorization for post-judgment compound interest, the general rule of simple interest should apply to the judgment amount; therefore, applying the contractually derived compound rate post-judgment was improper, requiring recalculation using the statutory simple interest rate.
Regeste Legislator
Généré par l'IAArt. 66 al. 1 LTF; Compound vs. Simple Interest on Post-Judgment Awards: The court reasoned that absent an express contractual provision or clear statutory authorization for post-judgment compound interest, the general rule of simple interest should apply to the judgment amount; therefore, applying the contractually derived compound rate post-judgment was improper, requiring recalculation using the statutory simple interest rate.
Mots-clés
Généré par l'IADispositions légales citées
Généré par l'IADécisions connexes
Généré par l'IAQuestions juridiques clés extraites par Legislator
Généré par l'IAThe court ordered the appellant to pay the procedural costs of the federal court.
Texte complet
!!"# $##% "& $##'
( )( * ( *)
+,- .
"" /0 $##'
!"#$! % & '
'
( ) (( % !'"*'+ '#$ ,-!
%-./%
1 2 3%45 6 )$7 8$$9$ " 4''")482':;#80::/'0;-11<=
"50>;-11-!)?4@$$3?7'''9; %#" % "; "4 ( % )@' " ;'")%#""2$'")"')$9'4'=
!";"$4"'")?!)$)4'4"$#A$B $' " '' ") ; ( ! 8 2 99' )'4;B''";"=
!4##"$#B4'-,>'-11,!)$"$ 8 "#''9 3 7 C4'C "@$ ' ( ) (( 3( 7=
)D9';2)'")#48'$"'';)#"" A+"9'2)4$$"##'$'$99$B ( =
)"#"2( )'B)99B'%#"=
"8;'"-,4'#8-11,!( B);8'$" C4'C9'#22));'""$B)$@"")$! 2 '@ ' ") 2 " ' %#" ' 2 $''#4$''!'@''""#")%#"=
);'$ B "$'#! )$ 9#$ 4' 4 " 0<'8-11,=
4 E' " F ;#8 -11,! ''$ #4$' ' '# 8"$##8>'"#4$'=
"@"$B>@=
2 @; G@' >" 37 $'$ #"9$'''$!"50H'-11<! 8'"! #4$ " I >@! "' 4$"' ' ;%4$"'! I 44$' ' 0, >@ 3'J0'J'I, 7=
'BG'"G$'"0,>@!4 89$"$ -F>;-11/3 *0<101,7!" @;"4'$!0<9$;! "4'''@'4#''' 8'" " $@ B ' >@ ''! ! " G''' " G$' " ;+>@=
.//01.-11, %<./% 9#$#' B )'J I, J 0 'J AJ / ! 8 ' " K''2"'''4$; BG'I, 2 ' '; B 9$"$ G%#" " 0L# 0::/ 3 7=
) )! )$ 4A ( " ); 4 " "$ )'' B )99 B ' %#" 2 ! 2 $2;' B 4"$">'=
#4$' " ( ' $#$$ + 'J / ' ;' " ")44' " -: # 0::F " 9$"$ ) #" 3 = ( <1I7'<';'"5@#'")+$'" 3%456 5@#'=( <1IJ107=
) 2 9' #2 ( ! )#8' 4 B %! $@#'! " "'"$"#M44''4")'$ B'';'#"=
4A9#$4)$B)'"( '""$$"9"#'=
) 44K' 4'N' 2 )$ ' "# 4 4#' " 4# ") #"! ' 2 )' 2 '' )8' B A' " A@ ")=
) 99'! "4 0 >; -11,! "' ")'$ ;@ " )'J ,/ J / ! G$ '" " 4#' " 4# 4' 4 A@ "G '' 2G G 4 4D$ '$@#' 4# 4'4' + H'$$2'$E'#''9"4'=
) )45! 44'' " B )$! 4 4; 9 @ " "' " $'!")2''"4#"B%#"=
)B'$@"!( 44")"''+4';""+4@B )#4D")$"'"0-"$#8-11I=
) D ' ;$ 2 )$ ) 4 4$"$ B $' " 99' 45 ") 4 9 " )$ -11<! 2) ) 4 4 )44''$ 99' 4 ' ")';'$ ") <1 > -11/ 4 A@ ")#"!442))"#"$$'"''49" )$-11/=
) $@" + "$' 2 4$5"'! C4'C " )$ % 2 '' 4 "$ " >' % "' E' "$$ ## ;8J
.//01.-11, %/./%
2* )3 )( * ( *)
451 ,, 6 7 8 9 "%$ *:
0J $4"$">';8J
-J 9# 4' " 2G 4;' 9# ' 4$' E' " "$ " <1 > "5 '9' 45 " 8 9$"$ 3(AOPA92,!,11/ 7!4;"#'5""' 48!9#$#'+'JL-"9$"$ 89$"$"0F > -11I 3 *7= #$# " "' "2 ! #'9 ' #D"4;'4'@'"'"#"'="' E' "$ 8 9$"$ 4 ; 4' 4 ; $'2 + "' " )'J /- *J 4$' E' ' 45 4 " '!;2$###D"4;!";'E'>'B);J @995 $"'6 Q( Q
49#"4$'E'''9$+4'2GBG999$"$ "'$4824@99
.//01.-11,