June 14, 2011

Post-judgment interest.

Practice point: When found liable in a tort action, the Port Authority is treated as a private corporation, pursuant to McKinney's Unconsolidated Laws of NY § 7106, and the fixed rate of 9% applies, pursuant to CPLR 5004.

Students should note that, pursuant to § 2501, public corporations are entitled to specialized rate provisions.

Nash v. Port Auth. of N.Y. & N.J., NY Slip Op 04597 (1st Dept. 2011).


Tomorrow's issue is notice of entry.