New York Pre-Verdict and Post-Verdict Interest on Damages
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New York pre-post-offer-damages-split: limitation period is see statute; rate percent is 9.
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- Limitation Period: see statute
- Rate Percent: 9
- Rate Percent: 9
- Rate Percent: 9
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.
New York Pre-Verdict and Post-Verdict Interest on Damages
Under New York law, pre-verdict interest on a damages award runs from the date the claim accrued to the date of the verdict, while post-verdict interest runs from the verdict date through entry of judgment. N.Y. CPLR § 5001 governs this split, and the statutory rate is 9% per annum. The statute provides that interest shall be computed from the earliest ascertainable date the cause of action existed, unless the court finds that such an award would be inequitable. The worked example below demonstrates how the 9% rate applies to both pre- and post-verdict periods. For a precise calculation based on your specific claim dates and award amount, use the DocketMath calculator.
Governing authority
In New York, the pre post offer damages split rule is set by N.Y. CPLR § 5001. The verified packet cites N.Y. CPLR § 5001 (https://www.nysenate.gov/legislation/laws/CVP/5001).
New York pre post offer damages split: the verified value is 9% under N.Y. CPLR § 5001. The verified packet cites N.Y. CPLR § 5001 (https://www.nysenate.gov/legislation/laws/CVP/5001).
Estimate your own result: every situation has exceptions that can change the outcome. Use the pre post offer damages split calculator to estimate your specific figure.
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.
Run the numbers for your matter against the verified rule for this jurisdiction.
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