Metropolitan Transportation Authority v. American Pen Corp.

Judgment, Supreme Court, Bronx County (Howard *367Silver, J.), entered December 24, 1996, which, inter alia, added 9% prejudgment interest to the $420,000 additional compensation awarded to respondent (an additional $321,300), plus additional interest at 9% on the combined amount ($741,300) until the date of payment pursuant to McKinney’s Unconsolidated Laws of NY § 2501 (L 1939, ch 585, as amended by L 1982, ch 681, § 4), unanimously modified, on the law, to the extent of vacating the award of prejudgment interest and remanding the matter for a hearing as to whether the 9% maximum statutory rate…