Precision Seed Cleaners Inc. v. Country Mutual Insurance Company, No. 3:2010cv01023 - Document 251 (D. Or. 2013)
Court Description: OPINION & ORDER: Plaintiff's motion for attorney fees and prejudgment interest 221 is granted in part and denied in part. Plaintiff is awarded $539,443.20 in attorney fees and $148,671.55 in prejudgment interest. See 56-page opinion & order with attachments. Signed on 10/1/2013 by Judge Marco A. Hernandez. (Attachments: # 1 Attachment 1, # 2 Attachment 2) (mr)
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PREJUDGMENT INTEREST CALCULATION I. EQUIPMENT LOSS $819,199 due on January 11, 2010 Annual 9% interest = $73,728; $202 per day 2010 Number of days from January 12, 2010 to December 31, 2010: 354 354 days x $202 per day = $71,508 2011 - A Number of days from January 1, 2011 to September 29, 2011: 272 272 days x $202 per day = $54,944 2011 - B $700,000 paid on September 29, 2011 leaves $119,199 remaining Annual 9% interest = $10,728; $29.39 per day Number of days from September 30, 2011 to December 31, 2011: 93 93 days x $29.39 per day = $2,733.27 2012 Full year = $10,728 2013 $1,425,000 paid on April 18, 2013 leaves 0 remaining Number of days from January 1, 2013 to April 18, 2013: 108 108 x $29.39 per day = $3,174.12 Total owed for equipment: $143,087.39 03:12-cv-01023-HZ ATTACHMENT 2 Page 1 II. BUSINESS INTERRUPTION LOSS $25,000 due on October 24, 2010 Annual 9% interest = $2,250; $6.16 per day 2010 Number of days from October 25, 2010 to December 31, 2010: 68 68 x $6.16 per day = $418.88 2011 Full year: $2,250 2012 Full year: $2,250 2013 $1,425,000 paid on April 18, 2013 leaves 0 remaining Number of days from January 1, 2013 to April 18, 2013: 108 108 x $6.16 per day = $665.28 Total owed on business interruption: $5,584.16 TOTAL PREJUDGMENT INTEREST AWARD: $148,671.55 03:12-cv-01023-HZ ATTACHMENT 2 Page 2
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