Opinion ID: 1475251
Heading Depth: 1
Heading Rank: 7

Heading: Interest on Investment.

Text: The master found as a fact that the amount involved in interest on investment was $358,784.77 and that Pittsburgh was entitled to an allowance for such interest. The plaintiff, conceding that the weight of authority is contra, asks this court to hold that under the circumstances of the case Pittsburgh should be precluded from credit as to this item because the infringement was willful and deliberate. Inasmuch as we sustain the ruling of the court below that the defendants' infringement was not willful and deliberate, we think that this is a case in which to apply the well-established principle that an infringer is entitled to a reduction of profits by allowance of interest on invested capital. Stromberg Motor Devices Co. v. Zenith-Detroit Corporation, supra. We think that the District Court did not err in allowing the defendant to take credit for interest on invested capital, and the error assigned on this issue is not sustained.