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Home / Opinion Digests / Lender Gets Prejudgment Interest (access required)

Lender Gets Prejudgment Interest (access required)

Pending insurer’s appeal of its coverage determination (Wells Fargo Equipment Finance, Inc. v. State Farm Fire and Casualty Co., No. 1:10cv1246, April 6, 2011, VLW 011-3-192), the Alexandria U.S. District Court grants lender prejudgment interest from the date of insurers’ determination to deny coverage and enters final judgment to facilitate appeal. Lender is loss payee under ...