Lawsuits relating to car accidents can take a long time to resolve, but the medical expenses, lost earnings, and other financial costs that are associated with the accident continue to pile up. Massachusetts law permits some parties to receive interest from the date that the lawsuit is initiated to the date that a judgment is entered. This can offset a portion of the expenses that the plaintiff has to pay as they wait for the trial to take place. As dedicated Massachusetts car accident lawyers, we can help you ensure that you assert your legal rights to the fullest extent possible following a car accident.
Recently, a Massachusetts court considered the issue of prejudgment interest in a claim where the jury found that the plaintiff was entitled to $8,250,000 in damages. The verdict was entered on April 11, 2018, and the case was originally filed on February 25, 2015. The plaintiffs requested prejudgment interest for the three-year period that the litigation was ongoing.
The defendants objected to this on the basis that they did not owe interest for the full time period. Instead, they asserted that certain portions of the judgment award for things like future lost wages, future medical bills, and personal care should not be included in the prejudgment interest calculation. The main issue, therefore, was whether or not the defendant should be required to pay prejudgment interest on the portion of the award that was allocated to future expenses and damages.