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REELED TUBING, INC. v. M/V CHAD G

No. 85-3671. Summary Calendar.

794 F.2d 1026 (1986)

REELED TUBING, INC., Plaintiff-Appellant, v. M/V CHAD G, her engines, etc., in rem, Guilbeau Marine, Inc., Grand Isle Shipyard, Inc., in personam, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

July 21, 1986.

Attorney(s) appearing for the Case

Deutsch, Kerrigan & Stiles, Francis J. Barry, Jr., Philip J. Kaplan, New Orleans, La., for plaintiff-appellant.

Henderson, Hanemann & Morris, Joseph Reilly, Jr., Houma, La., for Grand Isle Shipyard, Inc.

Lugenbuhl, Larzelere & Ellefson, W.J. Larzelere, Jr., Douglas B. Habig, Russell D. Pulver, New Orleans, La., for Gilbeau Marine, & C & G Marine Service.

Before RUBIN, JOHNSON and JONES, Circuit Judges.

JOHNSON, Circuit Judge:

Reeled Tubing, Inc., appeals from the trial court's judgment denying prejudgment interest from the date of Reeled Tubing's loss. Instead, the trial court awarded prejudgment interest only from the date of judicial demand. Reeled Tubing also challenges the method used by the trial court to calculate the interest rate on that interest actually awarded. We conclude that the trial court abused its discretion in the circumstances presented here...

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