Interesting Case
May 9, 2022The issue in Bluestone Resources, Inc. v. First Nat’l Capital, LLC was a judgment that included post-judgment interest, by the court that confirmed an arbitration award, when the award itself was silent about post-judgment interest. The Fifth Court held:
“We acknowledge there is a line of cases … that appears to conclude the award of any post-judgment interest is unauthorized unless such interest was awarded by the arbitrator. We respectfully disagree. Interest on a money judgment accrues automatically and is recoverable even if it is not specifically awarded. We see no reason why a judgment confirming an arbitration award, which is a ‘money judgment of a court of this state,’ would be exempt from this rule.”
No. 05-20-00776-CV (April 29, 2022) (citations and footnote omitted).