Does a plaintiff have a claim for prejudgment interest on an amount awarded during the appraisal process?
California, United States of America
The following excerpt is from Cheng v. California Pacific Bank, 90 Cal.Rptr.2d 401 (Cal. App. 1999):
6. Berens v. Ludwig (N.D.Ill 1997) 964 F.Supp. 1215, 1219, affirmed in Berens v. Ludwig, supra, 160 F.3d at p. 1147, which primarily concerned the period during the appraisal process, held that the plaintiff was not entitled to prejudgment interest on any amount under federal common law because he did not prevail in the lawsuit.
6. Berens v. Ludwig (N.D.Ill 1997) 964 F.Supp. 1215, 1219, affirmed in Berens v. Ludwig, supra, 160 F.3d at p. 1147, which primarily concerned the period during the appraisal process, held that the plaintiff was not entitled to prejudgment interest on any amount under federal common law because he did not prevail in the lawsuit.
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