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WM. R. CLARKE CORP. v. SAFECO INS. CO.

No. B123956.

92 Cal.Rptr.2d 709 (2000)

78 Cal.App.4th 355

WM. R. CLARKE CORPORATION, Plaintiff and Respondent, v. SAFECO INSURANCE COMPANY OF AMERICA et al., Defendants and Appellants.

Court of Appeals of California, Second District, Division One.

Rehearing Denied March 7, 2000.

Review Denied May 10, 2000.

Attorney(s) appearing for the Case

Haight, Brown & Bonesteel, Roy G. Weatherup and Mark B. Aldrich, Santa Monica, for Defendants and Appellants.

Tyre Kamins Katz & Granof, Herman S. Palarz and John Valentine, Jr., Los Angeles, for Plaintiff and Respondent.

MIRIAM A. VOGEL, J.

A judgment debtor with an equitable right to an offset calculated the amount due under the judgment by subtracting the offset from the principal amount of the judgment, then using the remainder to calculate postjudgment interest due as of the date of payment. The judgment creditor objected, contending the postjudgment interest should have been calculated before the judgment debtor credited itself with the offset. The trial court agreed with the...

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