Opinion ID: 2981253
Heading Depth: 2
Heading Rank: 4

Heading: Prejudgment Interest Award

Text: The district court acted within its discretion when it concluded that Drexel was not inexcusably dilatory in bringing suit against Albaugh, and so calculated prejudgment interest from the date Drexel sent an invoice to Albaugh, i.e., September 26, 2006. Albaugh’s argument on this point is little more than a statement to the contrary, that Drexel was inexcusably dilatory. Albaugh raised the same argument below, where the district court was free to reject it, as it did. Under Tennessee law, awards of prejudgment interest depend on “whether the award of prejudgment interest is fair, given the particular circumstances of the case.” Myint v. Allstate Ins. Co., 970 S.W.2d 920, 927 (Tenn. 1998). The district court was briefed on the particular circumstances of this case, and concluded that Drexel had acted reasonably and deserved the prejudgment interest awarded. No abuse of discretion took place.