Florida Supreme Court Holds New Post-Judgment Interest Rate Is Not Retroactive

Mealey's (June 10, 2016, 1:49 PM EDT) -- TALLAHASSEE, Fla. — The Florida Supreme Court on June 9 ruled 5-2 that a tobacco company owes nearly $770,000 in post-judgment interest to an Engle progeny plaintiff because a statute that changed the interest rate was not in place when judgment in the plaintiffs case was originally entered (Lyantie Townsend v. R.J. Reynolds Tobacco Co., No SC15-722, Fla. Sup.; 2016 Fla. Sup. LEXIS 1195).

(Opinion available. Document #04-160615-009Z.)

Justices Fred R. Lewis, Jorge Labarga, Peggy A. Quince, Barbara J. Pariente and James E.C. Perry found that...
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