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Florida Construction Law News

03AUG 2016

Florida Appellate Court Limits Prejudgment Interest Claims

by Rochelle B. Chiocca, Esq.

The First District Court of Appeal recently addressed the standard to apply in calculating prejudgment interest. In Arizona Chemical Company, LLC. v. Mohawk Industries, Inc., 41 Fla. L. Weekly D1662 (Fla. 1st DCA July 18, 2016), the First District found that the trial court erred in awarding prejudgment interest for periods earlier than the dates the Plaintiff “suffered the pecuniary losses for which the jury awarded damages.”