City of Gulfport, Mississippi v. Dedeaux Utility Company, Inc.

KING, JUSTICE, DISSENTING:

¶ 25. I do not believe the trial court erred in setting the interest rate in this case, particularly given the wide discretion and latitude given trial courts in determining interest. Certainly, rates of return are one of many factors a trial court may consider. Consequently, I dissent.

1. Standard of Review

¶ 26. This Court reviews an award of interest for abuse of discretion. Union Carbide Corp. v. Nix, Jr. , 142 So.3d 374 , 385 (Miss. 2014). The majority reviews this issue de novo because it claims that what evidence a trial court may consider in determining an…