Legal Opinion

Canal Insurance v. Pizer

Court of Appeals of Arizona

Decided February 16, 1995No. 1 CA-CV 93-0359PublishedCited by 8 opinions

1Opinion of the Court

OPINION

GERBER, Presiding Judge.

In this appeal from an interpleader action, we consider whether the interpled funds were liquidated so that the claimants could receive prejudgment interest from the date of filing the interpleader action. We also consider whether claimants were entitled to interest on the funds on the basis of an ownership interest in the monies or on equitable grounds. We conclude that the insurer is not liable to pay prejudgment interest on the interpled funds for either reason and thus affirm the trial court.

FACTS AND PROCEDURAL HISTORY

On April 28,1991, Jerry Ritz (Ritz) and…

2Cases cited12 opinions

  1. Phillips Petroleum Co. v. AdamsCourt of Appeals for the Fifth Circuit · 1975
  2. Schwartz v. SchwerinArizona Supreme Court · 1959
  3. Bauer v. Uniroyal Tire Co.Court of Appeals for the Eighth Circuit · 1980
  4. Zylphia L. Powers v. Metropolitan Life Insurance Company Kenneth N. PowersCourt of Appeals for the D.C. Circuit · 1971
  5. Employer's Mutual Casualty Co. v. McKeonCourt of Appeals of Arizona · 1991

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3Cited by8 opinions

  1. Scottsdale Insurance v. CendejasCourt of Appeals of Arizona · 2009
  2. Newflower Market, Inc. v. CookColorado Court of Appeals · 2010
  3. Vento v. Colorado National BankColorado Court of Appeals · 1999
  4. Ry-Tan Construction, Inc. v. Washington Elementary School District No. 6Court of Appeals of Arizona · 2004
  5. Volkswagen of America, Inc. v. SmithDistrict Court of Appeal of Florida · 1997

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