Opinion ID: 1405642
Heading Depth: 3
Heading Rank: 7

Heading: Motion for prejudgment interest

Text: The circuit court addressed the plaintiffs-appellees' motion for prejudgment interest at a hearing held on September, 20, 1996. The Roxas Estate argued that it was entitled to prejudgment interest at the rate of ten percent per annum from April 5, 1971, the date on which Roxas was allegedly first beaten, through July 19, 1996, the date of the jury's special verdict. GBC argued that it was entitled to prejudgment interest at the rate of ten percent per annum from January 1, 1975 through July 19, 1996, encompassing the period of time in which [Ferdinand] converted the balance of the treasure from the tunnels at Baguio City. During the hearing on the issue, the circuit court indicated that it was concerned that the jury instructions had not made clear to the jury whether its damage award for battery and false imprisonment was to be based on the value of the injury at the time it was sustained and that the award might have been made in today's dollar[,] which is very different from what the value of the assault may have been on the date of the assault. Accordingly, the circuit court took the matter under advisement. In an order filed on October 18, 1996, the circuit court granted the plaintiffs-appellees' motion in part and denied it in part, awarding GBC prejudgment interest at the rate of ten percent per annum from February 19, 1988the date of the filing of the lawsuitto July 19, 1996-the date of the jury's special verdict, in the amount of $18,517,346,893.15. The circuit court denied the motion as to the claims of the Roxas Estate.