Tuesday, August 09, 2011

Fifth Circuit -- Stephen Gabarick, et al v. Laurin Maritime

Stephen Gabarick, et al v. Laurin Maritime

 Where an excess insurer files an interpleader action during the pendency of a case to determine the liability of a  primary insurer, the excess insurer is not liable for prejudgment interest for the time prior to filing, as their liability had not yet been triggered.  First legit claim on their dinero was when they sought claimants on the stake.
Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.