Navigation Fully-Paid $20M Award Halts Post-Judgment Interest From Accruing on Appeal, State High Court Says
“The question before us is whether the payment of the entire judgment terminated the accrual of postjudgment interest or whether the exercise of appellate rights constituted a condition on the payment, requiring the continued accrual of such interest,” the court said. “We hold that the exercise of appellate rights does not constitute a condition on the payment of a judgment, and therefore, the judgment was fully satisfied when it was paid in full and the accrual of postjudgment interest halted upon payment.”
