On June 29, 1993, after litigation extending for nearly eight years,
1. Sacha asserts the trial court erred by failing to award him prejudgment and postjudgment interest earned on monies deposited with the clerk of court from October 1, 1988 through June 29, 1993. Sacha contends OCGA §§ 7-4-2
OCGA § 9-11-67 provides that “[i]n an action in which any part of the relief sought is a judgment for a sum of money ... a party, upon notice to every other, party, and by leave of court, may deposit with the court all or any part of such sum . . . to be held by the clerk of the court, subject to withdrawal, in whole or in part, at any time thereafter upon order of the court, upon posting of sufficient security. Where the thing deposited is money, interest thereupon shall abate.”
Absent conformity with OCGA § 9-11-67, sums deposited in the court will not be entitled to the abatement of interest. Gunnin v. Parker,
The deposits here in issue, having been authorized by court order and agreed upon by the parties, were made by leave of court and upon notice to the parties. The requirements of OCGA § 9-11-67 were otherwise satisfied. Accordingly, the trial court properly relieved Coffee Butler of any liability for prejudgment and postjudgment interest on the sums deposited in the court after September 30, 1988.
2. In his second enumeration of error, Sacha contends that four positions taken by Coffee Butler during the course of litigation were without support in law or fact entitling him to attorney fees under OCGA § 9-15-14 (a) and (b). These were Coffee Butler’s: (1) refusal to honor the consulting agreement; (2) first amendment of the original complaint asserting the consulting agreement’s diminished value rather than anticipatory breach; (3) second amendment to the complaint seeking lost profits; and (4) second amendment to the complaint asserting fraud in the inducement with respect to merger.
OCGA § 9-15-14 (a) provides that “reasonable and necessary attorney’s fees and expenses of litigation shall be awarded to any party against whom another party has asserted a claim, defense or other position with respect to which there existed such a complete absence of any justiciable issue of law or fact that it could not be reasonably believed that a court would accept the asserted claim, defense, or
Sacha argues our Supreme Court’s affirmance of the trial court’s grant of summary judgment upon Coffee Butler’s claim of anticipatory breach of contract established a violation of OCGA § 9-15-14 (a). See Coffee Butler Svc. v. Sacha,
Finding no evidence of bad faith on the record before us under both standards of review as set forth above, we decline to disturb the trial court in the exercise of its sound discretion with respect to attorney fees.
Judgment affirmed.
Notes
The underlying facts in this case are set out in detail in Coffee Butler Svc. v. Sacha,
Prejudgment interest accrues at the legal rate of seven percent pursuant to OCGA § 7-4-2 and may not be altered by the trial court. See Turner Constr. Co. v. Electrical Distributors,
OCGA § 7-4-12 provides pertinently that “[a]ll judgments . . . shall bear interest upon the principal amount recovered at the rate of 12 percent per year.”
