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Appellate Court Clarifies Calculation of Interest on Unpaid Judgments

Tuesday, August 22, 2023 | 0

The Illinois Appellate Court clarified that interest accrues on unpaid judgments without exception, including money that has been escrowed because it is subject to a lien. Frank Barnai sued Wal-Mart Stores Inc., International Contractors Inc. and Nuline Technologies Inc. after he was injured while working at a store construction site in 2007. Wal-Mart, ICI and Nuline filed contribution claims against Barnai's employer, Summit Fire Protection Co. Barnai settled with Wal-Mart, ICI and Nuline for $5,073,463.71. The settlement expressly assigned each of the defendants&#...

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