8th Circuit Vacates $6M Prejudgment Interest on $27M Verdict Against Travelers Insurance Co.

The U.S. Courtroom of Appeals for the Eighth Circuit reversed a prejudgment curiosity award of greater than $6 million on a $27 million jury verdict towards an insurance coverage firm, after concluding the district courtroom erred in calculating the curiosity primarily based on the bill fee date, fairly than on the dates the funds had been demanded.