8th Circuit Vacates $6M Prejudgment Interest on $27M Verdict Against Travelers Insurance Co.
John Haji
A jury ultimately sided with Maxus Metropolitan, a multimillion-dollar apartment complex, issuing $27.3 million in damages and $546,905 for vexatious refusal to pay against Travelers Insurance Co. The district court awarded Maxus pre-judgment interest for nearly $6.5 million.