Defense bar: interest rate on verdicts unreasonable

The unusually high 12 percent interest rate on damages enjoyed by plaintiffs in Massachusetts and Rhode Island — set during the Reagan administration — is under fire in both states, where critics claim it results in inappropriate bonuses in an economy marked by exceptionally low rates. “We believe that, under those circumstances, the Massachusetts statute [...]

Source: http://masslawyersweekly.com/2013/07/03/defense-bar-interest-rate-on-verdicts-unreasonable/

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