New York A00320 amends the civil practice law to specify interest recovery on awarded sums for contract breaches and property interferences.
New York A00320 amends the civil practice law to clarify interest recovery on sums awarded due to contract breaches or property interferences. It specifies that interest is recoverable unless the action is equitable, in which case the court decides the interest rate and computation date. The date for computing interest must be specified in the verdict, report, or decision. For bodily injury cases, interest is computed from the injury date. If a jury does not specify the date, the court must set it, unless the date is undisputed, in which case the clerk can set it.
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