In Assembly Bill 748, the state Legislature recently amended the statutes that compel public entities to pay interest rates on claims and judgments that far exceed the prevailing market interest rates. These amendments, though limited in their reach, are cause for hope that, in the coming years, Sacramento will finish the job by taming excessive statutory interest rates in all cases and for all litigants.
In October, Gov. Jerry Brown si...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In