prejudgment interest News

Lloyd’s of London underwriters must pay more than $3 million in pre-judgment interest in addition to the $10 million the syndicate has already paid in damages for the wrongful acts of the former directors of a bank that was declared …

In some states, interest can be a significant portion of a judgment — in New York, for example, the number is nine percent. Because judgments do not bear interest at common law, interest is generally calculated only by reason of …