Gilchrist Timber Co. v. ITT Rayonier, Inc.

Gilchrist Timber Company (“Gilchrist Timber”) appeals from an order denying the award of prejudgment interest on its judgment against ITT Rayonier, Inc. (“Rayonier”), on its claims of negligent representation in connection with a purchase of land in Gilchrist County. Because the district court erred in concluding that prejudgment interest was not available as a matter of law, we reverse and remand for further proceedings consistent with this opinion.

I. Background 1

This action arose out of Gilchrist Timber’s purchase of 22,000 acres of land from Rayonier, part of which Gilchrist Timber…