Schwartz v. Piper Aircraft Corp.

On July 26, 1974, an Oakland County jury returned verdicts in favor of the plaintiffs as a result of an airplane accident which occurred on March 29, 1969. After the conclusion of various appellate proceedings, defendant paid the principal sum due plus simple interest of six percent per year. Thereafter, on January 18, 1978, Judge Gilbert entered an order granting plaintiffs’ motion to compel payment of judgment interest compounded annually from the date of the filing of the complaint. Defendant appeals from that order by right.

Our question of first impression is whether MCL 600.6013; MSA…