115 N.C. App. 156 | N.C. Ct. App. | 1994
Plaintiff’s first assignment of error is that the trial court erred by denying plaintiff’s motion for post-judgment interest on the treble damages portion of its judgment from the date of judgment until paid. Plaintiff bases its argument on an exhaustive review of the legislative history of N.C. Gen. Stat. § 24-5(b) (1991). We, however, do not find it necessary to examine the statute in such detail because the plain language of G.S. § 24-5(b), as well as a recent decision of this Court, squarely rebut plaintiff’s argument.
N.C. Gen. Stat. § 24-5, entitled Contracts, except penal bonds, and judgments to bear interest, provides in pertinent part:
(b) Other Actions. — In an action other than contract, the portion of money judgment designated by the fact finder as compensatory damages bears interest from the date the action is instituted until the judgment is satisfied. Interest on an award in an action other than contract shall be at the legal rate.
This Court addressed the application of G.S. § 24-5(b) to verdicts trebled pursuant to G.S. § 75-16 in Love v. Keith, 95 N.C. App. 549, 383 S.E.2d 674 (1989). We held in Love:
The defendants finally argue the trial judge erred in imposing interest on the portion of the judgment in excess of $3,400. We agree. Since the defendants’ conduct violated N.C.G.S. Sec. 75-1.1 et seq., the trial judge properly trebled the jury’s $3,400 verdict. N.C.G.S. Sec. 75-16. The trial judge then ordered interest on the full $10,200. In this the trial judge erred since N.C.G.S. Sec. 24-5(b) (1986) only provides for interest on compensatory damages as designated by the fact finder. The fact finder here, the jury, specified compensatory damages of only $3,400. The*159 plaintiffs may receive interest only on $3,400, calculated as specified in N.C.G.S. Sec. 24-5(b).
Id. at 557-58, 383 S.E.2d at 679 (emphasis added).
The applicable portion of G.S. § 24-5(b) in effect when Love was decided is identical to the statutory language applicable in this case. Plaintiff argues that according to Section 2 of the 1985 Session Laws, the current language of the statute does not affect the law as it existed before the enactment of Chapter 327 of the 1981 Session Laws, which provided in pertinent part that “the amount of any judgment ... in any kind of action, . . . shall bear interest till paid . . . .” G.S. § 24-5 (1965). Therefore, plaintiff contends, North Carolina law provides for post-judgment interest on any judgment, including a judgment for treble damages, in any kind of action until paid. We disagree.
In the case at bar, the trial court properly trebled the jury’s $249,016 verdict pursuant to G.S. § 75-16. Under the plain language of G.S. § 24-5(b), and the holding in Love, only the portion of the judgment designated by the fact finder as “compensatory” accrues post-judgment interest.
Plaintiff next contends that in addition to its attorneys’ fees of $49,000 for services rendered through the time of entry of the judgment, and $70,300 for services rendered by plaintiffs counsel in defending against the first appeal, plaintiff is entitled to additional attorneys’ fees in bringing a motion to protect its judgment and in bringing the present appeal pursuant to G.S. § 75-16.1. G.S. § 75-16.1 states that “the presiding judge may, in his discretion, allow a reasonable attorney fee to the . . . attorney representing the prevailing party . . . .” Although G.S. § 75-16.1 includes fees for services rendered at all stages of litigation, including appeals, see Cotton v. Stanley, 94 N.C. App. 367, 380 S.E.2d 419 (1989), and should be constructed liberally, see City Finance Co. v. Boykin, 86 N.C. App. 446, 358 S.E.2d 83 (1987), plaintiff is not the prevailing party in this case. Therefore, it is not entitled to attorneys’ fees with regards to its motion or this appeal.
Affirmed.