METRO. TRANSP. AUTH. v. AM. PEN CORP.


253 A.D.2d 366 (1998)

676 N.Y.S.2d 577

Metropolitan Transportation Authority, Appellant, v. American Pen Corp., Respondent, et al., Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

August 13, 1998


We agree with the trial court to the extent that the statutorily applicable rate of prejudgment interest on the instant condemnation award may be as high as 9% pursuant to McKinney's Unconsolidated Laws of NY § 2501 (Matter of Metropolitan Transp. Auth. v Capolino Design & Renovation, 123 A.D.2d 696, 700, lv denied 69 N.Y.2d 610 [applying the 9% rate set forth in McKinney...

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