Boat Collision Case
In Am. Milling Co. v. Brennan Marine, Inc., No. 08-3915, a case involving an allision between one or more barges and a casino boat on the Mississippi River, the court affirmed the district court’s order requiring plaintiff to pay interest on its security at a rate of six percent compounded annually, and denying plaintiff’s motion to deposit the cash value of the security into the court registry at a later stage of the proceedings, holding that 1) Supplemental Rule for Admiralty or Maritime Claims F(1) permitted the district court, in its discretion, to award compound interest at a rate of six percent annually; and 2) it was not an abuse of discretion for the district court to forbid the company to change its position at a late stage in the litigation in a manner that would have been detrimental to the claimants.
Related Resources
- Read the Eighth Circuit’s Decision in Am. Milling Co. v. Brennan Marine, Inc., No. 08-3915
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