Judgment Interest: S.B. 69 (2014)
Requires that in order for a plaintiff to receive prejudgment
Requires that in order for a plaintiff to receive prejudgment interest, the plaintiff shall have tendered an offer of settlement. S.B. 69 provides that prejudgment interest is only calculated from the date of a qualifying offer. Under this legislation, the prejudgment interest rate is limited to two percentage points above the prime rate, as published by the Federal Reserve, but it may not be lower than 5% or higher than 10%.
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