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FEDERAL BARGE LINES, INC. v. REPUBLIC MARINE, INC.

No. 79-1609.

616 F.2d 372 (1980)

FEDERAL BARGE LINES, INC., a corporation, and Consolidated Grain & Barge Co., a corporation, Appellees, v. REPUBLIC MARINE, INC., a corporation, Appellant.

United States Court of Appeals, Eighth Circuit.

Decided March 5, 1980.

Rehearing Denied April 9, 1980.

Attorney(s) appearing for the Case

John S. Sandberg and Kenneth W. Bean, Shepherd, Sandberg & Phoenix, St. Louis, Mo., for appellant.

Gary T. Sacks, Goldstein & Price, St. Louis, Mo., for appellees.

Before LAY, Chief Judge, BRIGHT and STEPHENSON, Circuit Judges.

STEPHENSON, Circuit Judge.

In this admiralty action, the sole issue presented is whether the district court1 abused its discretion in awarding prejudgment interest at the rate of ten percent per annum to plaintiffs-appellees Federal Barge Lines, Inc. and Consolidated Grain & Barge Co. The district court, sitting without a jury, entered judgment for the appellees in the form of a compensatory...

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