Court of Appeals of New York
Denio v. State of New York, No. 73
Only where the State can establish that the State Finance Law Section 16's ceiling rate of nine percent for prejudgment and postjudgment interest is unreasonable would the selection of that rate amount to an abuse of discretion, because a court may not reasonably apply an unreasonable rate.
Appellate Information
- Decided 06/08/2006
- Published 06/08/2006
Judges
Court
- Court of Appeals of New York