Title

Prejudgment Interest: Issues and Case Studies

Document Type

Article

Journal/Book Title/Conference

Litigation Economics Digest

Volume

4

Issue

2

Publication Date

1999

First Page

109

Last Page

118

Abstract

Prejudgment interest can be an important component of a legal claim. For example, Richard Nixon’s estate is seeking $213 million as "just compensation" for the Watergate tapes and White House papers--S35.5 million for the property confiscated by the government in 1974 and $177.5 million in prejudgment interest (Jackson, 1999). The law concerning such interest, however, is complex, inconsistent among states, and may contain a bias against plaintiffs. Further, the damage model applied may affect the applicability of prejudgment interest and/or the degree that interest is necessary to make the plaintiff whole

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