Judge Says He Would Lower Prejudgment Interest In Insurers’ Receiver’s Award

Mealey's (November 25, 2019, 12:18 PM EST) -- ST. LOUIS — A federal judge in Missouri on Nov. 22 indicated that he would recalculate prejudgment interest to be $12.2 million in a total damages award of $99.4 million in favor of insolvent funeral insurers’ receiver and state insurance guaranty associations in a dispute regarding allegations over the mishandling of the insurers’ funds (Jo Ann Howard & Associates P.C., et al. v. J. Douglas Cassity, et al., No. 09-01252, E.D. Mo.)....