Judge Orders Rj Reynolds Pay 11 Years Of Interest For Not Settling
The next time your client wants to decline a settlement offer, you may want ask them to reconsider. Federal judge Stefan Underhill awarded $15.7M against RJ Reynolds for accumulated interest payments, because they didn’t accept a settlement offer, according to the San Jose Mercury News. Underhill rejected claims by RJ Reynolds that the interest was excessive. He explained that the interest was mandatory as a matter of law and is designed to encourage defendants to accept reasonable settlement offers....