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Judge Noreika Grants And Explains Awards Of Pre- And Post-Judgment Interest Rendered In Federal Court Contract Action Based On Diversity Jurisdiction | Fox Rothschild LLP


By Memorandum Order and Amended Judgment by The Honorable Maryellen Noreika in
Cignex Datamatics, Inc. v. Lam Research Corporation, Civil Action No. 17-320-MN (D.Del. January 21, 2021), the Court granted with modification Plaintiff’s motion to alter or amend the judgment by adding to the original judgment of $232,039.71 in favor of Plaintiff in the breach of contract action (1) an additional amount of pre-judgment interest in the amount of $60,564.56, calculated as simple interest based on the Delaware legal rate of 5.75% as a fixed rate at the time liability for interest began to accrue, and (2) post-judgment interest at the rate of 0.17% of the entire amount included in the amended judgment to compound annually from the date the amended judgment was entered until the judgment is paid. ....

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