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CEMENT DIV., NAT. GYPSUM CO. v. CITY OF MILWAUKEE

No. 97-1349.

144 F.3d 1111 (1998)

CEMENT DIVISION, NATIONAL GYPSUM COMPANY, Reed and Brown, Incorporated, New York Marine Managers, Incorporated, et al., Plaintiffs-Appellees, v. CITY OF MILWAUKEE, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided May 28, 1998.

Attorney(s) appearing for the Case

Harney B. Stover (argued), Davis & Kuelthau, Milwaukee, WI, for Plaintiffs-Appellees.

Rudolph M. Konrad (argued), Office of the City Attorney, Milwaukee, WI, for Defendant-Appellant.

Before CUDAHY, FLAUM, and MANION, Circuit Judges.

CUDAHY, Circuit Judge.

On December 4, 1992 (the settlement date), the defendant paid the plaintiffs $1,677,541.86 (the settlement amount) to settle, in part, a lawsuit. The suit involved the defendant's liability for the sinking of a ship owned by one of the plaintiffs and insured by the others. The settlement left open only the extent of the defendant's liability for prejudgment interest on the judgment. There was a difference of opinion whether prejudgment interest...

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