PIERCE v. NEW YORK CENTRAL RAILROAD COMPANY

Civ. A. No. 4813.

304 F.Supp. 44 (1969)

Rex PIERCE, Jr., a minor, by his Next Friend, Janet Pierce, Plaintiff, v. NEW YORK CENTRAL RAILROAD COMPANY, Defendant.

United States District Court W. D. Michigan, S. D.

June 30, 1969.


Attorney(s) appearing for the Case

Stiles & Fowler, Lansing, Mich., for plaintiff; Larry D. Fowler, Lansing, Mich., of counsel.

Wheeler, Upham, Bryant & Uhl, Grand Rapids, Mich., for defendant; Gordon B. Wheeler, Grand Rapids, Mich., Patrick E. Hackett, Detroit, Mich., of counsel.


SUPPLEMENTAL OPINION

FOX, District Judge.

An ancient rule of the Michigan Supreme Court requires a five per cent reduction of future damages as determinative of present worth.1 Rivers v. Bay City Traction & Elec. Co., 164 Mich. 696, 708, 128 N.W. 254, 259 (1910), reh. denied 164 Mich. 696, 710, 131 N.W. 86, 87 (1911). However, the same Supreme Court has also stated that inflation...

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