Pierce Ex Rel. Pierce v. New York Central Railroad

SUPPLEMENTAL OPINION

FOX, District Judge.

An ancient rule of the Michigan Supreme Court requires a five per cent reduction of future damages as determinative of present worth. 1 Rivers v. Bay City Traction & Elec. Co., 164 Mich. 696, 708, 128 N.W. 254, 259 (1910), reh. denied 164 Mich. 696, 710, 131 N.W. 86, 87 (1911). However, the same Supreme Court has also stated that inflation and the resulting diminution of a dollar may be considered. Knights of Equity Memorial Scholarship Comm. v. University of Detroit, 359 Mich. 235, 238, 102 N.W.2d 463, 465 (1960); Norman v. Thomas Theatre Corp., 349…