Iberian Tankers Co. v. Gates Construction Corp.

OPINION

WHITMAN KNAPP, District Judge.

This case was tried in admiralty to the court and resulted, on June 27, 1973, in a finding that plaintiff’s claim against defendant for injury to its vessel be reduced 50% by reason of plaintiff’s substantial 'negligence. The parties then stipulated that plaintiff’s damages should be fixed at $280,000.00 (one-half the total suffered by its ship). Defendant has paid this sum with interest from the date of the court’s finding of liability. The sole question remaining is whether plaintiff is entitled to prejudgment interest to run (a) on the portion of the…