March 31, 2010

April 30 Hearing for Proposal to Change the Rate of Post-Judgment Interest

We previously posted about a pending bill that would have a significant effect on California punitive damages appeals by reducing the rate of postjudgment interest, currently set at 10 percent. The bill, SB 1117, is set for a hearing before the judiciary committee of the California Senate on April 30. (See the status page for this bill on the legislature's website.)