Bercaw Authors Blog Post on Fifth Circuit Holding on Pre-Judgment Interest
Jim Bercaw has authored a blog post regarding Offshore Marine Contractors, Inc. v. Palm Energy Offshore, L.L.C., No. 14-30059 (5th Cir. Mar. 2, 2015), in which the Fifth Circuit affirmed the district court’s setting the pre-judgment interest rate at 1.5% per month, based on the invoices of the party claiming payment. By affirming the award of 1.5% per month, the spread between pre-judgment and post-judgment interest rates was 18%.
The post appears on King Krebs & Jurgens' Offshore Winds legal blog for marine and energy businesses.