Justices issue 4 opinions tackling prejudgment interest
Prejudgment interest is often requested as part of a settlement in accidents to cover expenses of inflation, interest and bills that accumulate in what may be a lengthy period between the time of the accident and the court’s final judgment. Courts in Indiana have wide discretion in deciding if prejudgment interest will be awarded, and in what amount. This article addresses 4 recent decisions made by the Indiana Supreme Court regarding prejudgment interest awards by trial courts and lower courts.
In a case involving an underinsured driver, the Indiana Supreme court upheld the decision of the trial court to deny the plaintiff prejudgment interest. In a suit against a clinic, the court upheld the lower court’s decision of denying prejudgment interest also. Two cases, the Indiana Supreme Court reversed decisions by lower courts for denying prejudgment interest.
To read the full article, click the link: http://www.theindianalawyer.com/justices-issue-4-opinions-tackling-prejudgment-interest/PARAMS/article/30314