Law360, New York ( July 29, 2015, 4:56 PM EDT) -- Different pre-award interest rates can have a significant impact on damages awards. The potential impact of different pre-award interest rates goes up as the legal process rumbles on. For instance, suppose that it took five years to obtain a damages award. A 10 percent pre-award interest rate would turn a $100 million claim into $160 million of damages, whereas a 2 percent pre-award interest rate would turn the claim into only $110 million.[1]...
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