RICCI v. KEY BANCSHARES OF MAINE

662 F. Supp. 1132 (1987) | Cited 0 times | D. Maine | June 16, 1987

Original Opinion of April 27, 1987, Reported at: 662 F. Supp. 1132.

1. Defendants also moved for a stay of execution pending determination of the motion for judgment notwithstanding the verdict or for a new trial. Plaintiffs did not object to that motion. With this opinion, that motion for stay of execution is rendered moot.

2. On May 12, 1986, Judge Selya issued an order providing, inter alia, "that the accrual of any and all prejudgment interest is terminated as of this date." Judge Aldrich later modified that Order by suspending pre-judgment interest for six months. Ricci v. Key Bancshares, 111 F.R.D. at 380.

3. The rate of post-judgment interest is based on the average accepted auction price for United States Treasury bills, to be calculated by the Director of the Administrative Office of the United States Court. See 28 U.S.C. § 1961 (1982). The applicable rate in this case is 6.30%.

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