Supreme Court of California

In a suit in which a defendant sought to recover the interest it paid on the sums it borrowed to secure a bank’s letter of credit on an appeal bond, the court of appeal's judgment that the interest was not recoverable is affirmed, as California Rules of Court, rule 8.278(d)(1)(F) does not extend to interest expenses incurred to borrow funds to provide security for a letter of credit.

Appellate Information

• Decided 01/23/2012
• Published 01/23/2012

Judges

• Cantil-Sakauye

Court

• Supreme Court of California

Counsel

• For Appellant:
  
• Law Offices of Tony J. Tanke, McLennon Law Corporation