Robert Clark Stovall, Jr. v. Illinois Central Gulf Railroad Co.

TATE, Circuit Judge:

The narrow issue presented by this appeal concerns whether interest awarded by a 1981 judgment was intended to be computed on a simple basis or instead to be compounded annually, in alleged accordance with Mississippi law. We affirm the 1983 order of the district court, insofar as it provided that pre-judgment interest was to be compounded annually, but we reverse that order insofar as it provided that post-judgment interest was to be computed on that basis instead of on a simple-interest basis.

On April 17, 1981, the federal district court entered judgment in favor of…