28 U.S.C.A. § 1961 provides in part that interest shall be allowed on any money judgment in a civil case recovered in a district court. Such interest would continue to accrue throughout an appeal that was later affirmed.
Hillsborough Florida is a county located on the western coast of the state of Florida. It encompasses the city of Tampa, which is the largest city in the county and serves as its county seat. Hillsborough County is known for its vibrant culture, beautiful beaches, and diverse communities. In legal matters, a Motion for Interest on an Affirmed Judgment of a Federal District Court is an important legal procedure that can occur in Hillsborough County. This motion is typically filed by the prevailing party in a lawsuit that has been affirmed by the Federal District Court. The purpose of this motion is to claim interest on the awarded judgment amount, which means that the prevailing party seeks additional compensation for the time that has passed since the initial judgment was made. There are various types of Motions for Interest on an Affirmed Judgment of a Federal District Court that can be filed in Hillsborough County. Some common types include: 1. Prejudgment Interest Motion: This motion seeks interest on the judgment amount from the date the lawsuit was filed until the date the judgment was entered. Prejudgment interest compensates the prevailing party for the period in which they were deprived of the money or benefits they were entitled to. 2. Postjudgment Interest Motion: This type of motion is filed to claim interest on the judgment amount from the date the judgment was entered until the judgment is fully satisfied. Postjudgment interest compensates the prevailing party for the delay in receiving the awarded amount. 3. Compound Interest Motion: In certain cases, a prevailing party may seek compound interest on the judgment amount. Compound interest is calculated on both the principal judgment amount and any previously accrued interest. 4. Calculating Interest Motion: This motion is filed to establish the method of calculating the interest on the affirmed judgment. The prevailing party may seek a specific interest rate or request the court to use a statutory rate applicable in Hillsborough County. When filing a Motion for Interest on an Affirmed Judgment of a Federal District Court in Hillsborough County, it is essential to consult with an experienced attorney who can guide you through the legal procedures and ensure the motion is properly drafted and filed.
