Court Clarifies Cutoff for Asbestos-related Claims Under Repose Statute
Donald Peter was “exposed” to asbestos decades before the exposure manifested itself through mesothelioma. Recently, a state appeals court ruled that Peter’s claims for “damages” would be too late under the state’s statute of repose, but can continue since the defendant was not engaged in improvements to real property.
Court Applies Judgment Interest Rate in Effect at Time of Settlement Offer
Currently, the interest rate that applies to judgments equals one percent plus the prime rate in effect at the time of the judgment. Prior to 2012, the interest rate on judgments was 12 percent. Recently, a state appeals court said the old interest rate applies to a 2013 judgment because the plaintiff made his offer of settlement in 2008.