United States Eighth Circuit

In a case involving an allision between one or more barges and a casino boat on the Mississippi River, the district court's order requiring plaintiff to pay interest on its security at a rate of six percent compounded annually, and denying plaintiff's motion to deposit the cash value of the security into the court registry at a later stage of the proceedings, is affirmed where: 1) Supplemental Rule for Admiralty or Maritime Claims F(1) permitted the district court, in its discretion, to award compound interest at a rate of six percent annually; and 2) it was not an abuse of discretion for the district court to forbid the company to change its position at a late stage in the litigation in a manner that would have been detrimental to the claimants.

Appellate Information

• Decided 10/22/2010
• Published 10/22/2010

Judges

• James B. Colloton

Court

• United States Eighth Circuit

Counsel