Legal Opinion
Kassis v. Teachers' Insurance & Annuity Ass'n
Appellate Division of the Supreme Court of the State of New York
Decided December 14, 2004PublishedCited by 10 opinions
1Opinion of the Court
Judgment, Supreme Court, New York County (Nicholas Figueroa, J.), entered January 6, 2004, which, to the extent appealed from, reduced the principal amount of the jury verdict against defendants Teachers’, Cauldwell-Wingate, Civetta/ Cousins and Atlantic from $1,700,000 to $1,550,000, unanimously affirmed, with costs.
Plaintiffs are not entitled to prejudgment interest. The purpose of prejudgment interest is to compensate parties for the loss of the use of money they were entitled to receive, taking into account the “time value” of money (Mosesson v 288/98 W. End Tenants Corp., 294 AD2d 283,…
2Cases cited4 opinions
- Brushton-Moira Central School District v. Fred H. Thomas Associates, P. C.New York Court of Appeals · 1998
- Whalen v. Kawasaki Motors Corp.New York Court of Appeals · 1998
- Williams v. NiskeNew York Court of Appeals · 1993
- Mosesson v. 288/98 West End Tenants Corp.Appellate Division of the Supreme Court of the State of New York · 2002
3Cited by10 opinions
- Buchwald v. Renco GroupDistrict Court, S.D. New York · 2015
- Popovich v. Sony Music Entertainment, Inc.Court of Appeals for the Sixth Circuit · 2007
- E.J. Brooks Co. v. Cambridge Security SealsCourt of Appeals for the Second Circuit · 2017
- O'Hearn v. Gormally (In re Gormally)United States Bankruptcy Court, S.D. New York · 2016
- Nature's Plus Nordic A/S v. Natural Organics, Inc.District Court, E.D. New York · 2015
5 more not listed; retrieve them via the Exa API.