Wilson v. Pacific Maxon, Inc.

OPINION ON REHEARING

On April 11, 1983, the district court awarded judgment in the amount of $76,329.00 to respondent Pacific Maxon, Inc. (“PMI”). The district court ordered that the judgment should “bear interest at the rate of TWELVE PERCENT (12%) per annum from October 17, 1977, until paid.” (Emphasis in original.) Wilson appealed. In Wilson v. Pacific Maxon, 100 Nev. 479, 686 P.2d 235 (1984), we affirmed the judgment, but reduced the prejudgment interest award from 12 percent to 7 percent. PMI has petitioned this court for a rehearing on the interest rate issue. Cause appearing, we grant…