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Enterprising Investor

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Re: Enterprising Investor post# 261

Friday, 03/18/2016 10:12:05 AM

Friday, March 18, 2016 10:12:05 AM

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Joel I. Sher, Chapter 11 Trustee for TMST, Inc. v. RBC Capital Markets Inc., United States District Court for the District of Maryland, Case No. 11-01998

RBC is not appealing the $26.3 million judgement, only the 9% rate for prejudgement interest.

It is seeking prejudgment interest in the amount of $2,210,224.53, composed of prejudgment interest at the of 1.15% from 8/14/07 to 4/30/09 and prejudgment interest at the rate of 1% from 5/01/09 to 8/26/15.

The difference in prejudgement interest is sizeable - $16.5 million.

Source: PACER [Docket 155]

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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