Kosarko v. Padula
960 N.E.2d 810
Ind. Ct. App.2011Background
- Kosarko sued for injuries from an auto accident with Herndobler; Herndobler died and Padula, as estate administrator, substituted as defendant.
- Kosarko served a $100,000 qualified settlement offer March 18, 2008, to be paid within 60 days; offer not accepted.
- A jury awarded Kosarko $210,000 at trial.
- Kosarko moved for prejudgment interest; the trial court denied the motion, finding damages not ascertainable within a timeframe justifying prejudgment interest.
- Kosarko appealed; the Court of Appeals reversed and remanded, concluding prejudgment interest was improperly denied.
- The court awarded prejudgment interest to Kosarko in the amount of $79,627.40 and remanded for further proceedings.
Issues
| Issue | Plaintiff's Argument | Defendant's Argument | Held |
|---|---|---|---|
| Whether the trial court abused its discretion denying prejudgment interest | Kosarko argues damages were ascertainable and interest appropriate | Padula argues damages not ascertainable within timeframe and no prejudgment interest | Abuse found; prejudgment interest awarded and remand ordered |
Key Cases Cited
- Cahoon v. Cummings, 734 N.E.2d 535 (Ind.2000) (time value of money bears cost to defendant when damages within statutory limits)
- Simon Prop. Group, L.P. v. Brandt Const., Inc., 830 N.E.2d 981 (Ind.Ct.App.2005) (damages ascertainable by reference to known standards)
- Hupfer v. Miller, 890 N.E.2d 7 (Ind.Ct.App.2008) (settlement policy and prejudgment interest purpose)
- Wayne Twp. v. Lutheran Hosp. of Fort Wayne, Inc., 590 N.E.2d 1130 (Ind.Ct.App.1992) (prejudgment interest as additional damages for full compensation)
- Lumbermens Mut. Cas. Co. v. Combs, 873 N.E.2d 692 (Ind.Ct.App.2007) (reverses prejudgment interest where damages not ascertainable under fixed rules)
- Whited v. Whited, 859 N.E.2d 657 (Ind.2007) (trial court discretion to deny prejudgment interest based on delay attributable to party)
- Deel v. Deel, 935 N.E.2d 183 (Ind.Ct.App.2010) (remand to allow trial court to determine prejudgment interest amount)
