Pre-Judgment Interest Rate
What is the pre-judgment interest rate for PI cases filed prior to the November 1, 2009 effective date of the tort reform legislation?
Answer: I don’t have a clear answer on this one. The statute reads like it is intended to apply to all verdicts rendered after the effective date. However, the issue certainly partakes of a lot of the characteristics of a substantive change, which would not traditionally apply to a suit already pending at the time of the effective date of the statute. I really don’t have a clear enough crystal ball to tell you what the 9 folks whose opinion counts will do with that.
Posted on Sun, August 15, 2010
by Sharon Coleman