Banks Ask Federal Court For Correction On Prejudgment Interest In $102M Award

Mealey's (September 11, 2019, 12:21 PM EDT) -- ST. LOUIS — Following a $102,135,293.07 judgment in favor of insolvent funeral insurers’ receiver and state insurance guaranty associations in a dispute regarding allegations over the mishandling of the insurers’ funds, two banks in a Sept. 10 motion request an indicative ruling from a Missouri federal court stating that the court will correct a miscalculation of prejudgment interest if the Eighth Circuit U.S. Court of Appeals grants leave to do so (Jo Ann Howard & Associates P.C., et al. v. J. Douglas Cassity, et al., No. 09-01252, E.D. Mo.)....