Following a partial judgment enforcing a settlement agreement, the court determined the outstanding issues of interest and costs.
The court awarded interest on the settlement funds from the date of acceptance to the date of payment, applying a 19.9% rate (reflecting the plaintiffs' litigation loan) on $200,000 and the Courts of Justice Act rate of 3% on the balance.
The court also fixed the plaintiffs' substantial indemnity costs for the period between the offer and acceptance, reducing the claimed fees slightly, and awarded partial indemnity costs of $11,000 for the hearing.
