BRUCE v. MARTIN

Nos. 87 Civ. 7737 (RWS), 90 Civ. 0870 (RWS) and 90 Civ. 4651 (RWS).

845 F.Supp. 146 (1994)

Norman BRUCE, et al., Plaintiffs, v. Thomas A. MARTIN, et al., Defendants. George S. BOREY, et al., Plaintiffs, v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., et al., Defendants. Mike MALONE, et al., Plaintiffs, v. KINDERHILL CORPORATION, et al., Defendants.

United States District Court, S.D. New York.

February 24, 1994.


Attorney(s) appearing for the Case

Beigel Schy Lasky Cohen Rifkind & Hennessey, New York City (Marilyn Neiman, of counsel), for plaintiffs.

D'Amato & Lynch, New York City (Lloyd J. Herman, of counsel), for National Union Fire Ins. Co. of Pittsburgh, Pa.


OPINION

SWEET, District Judge.

Defendant National Union Fire Insurance Company ("National Union") has submitted an application for entry of judgment against numerous plaintiffs (collectively, the "Plaintiffs") in this matter, in which judgment they have requested approval by this Court of an interest rate of 24.9%. The Plaintiffs contest National Union's right to this rate of interest, and request the Court to fix the appropriate interest rate for...

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