Alyeska Pipeline Service Co. v. Anderson

OPINION

I

AS 09.30.070 does not provide for compound interest on judgments. We reached a similar conclusion in In re Estate of Gregory, 487 P.2d 59, 63-64 (Alaska 1971) with respect to AS 45.45.010(a)(1) (amended 1976, 1980). No basis exists for distinguishing these statutes with respect to the question of whether compound interest is permissible. Further, our conclusion is in accord with substantial case law from other jurisdictions. E.g., Glenn v. Rice, 174 Cal. 269, 162 P. 1020, 1023 (Cal.1917); Giant Food, Inc. v. Jack I. Bender & Sons, 399 A.2d 1293, 1304 (D.C.Cir.1979); Dezen v. Slatcoff,…