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Prejudgment Interest

Prejudgment Interest

May 6, 2019 by Ted Laperouse, Shareholder, LAPEROUSE, APLC

Contractors who are owed money for their work on Louisiana construction projects may be entitled to prejudgment interest on their past-due receivables. Unlike common law jurisdictions, in Louisiana interest on claims for nonpayment is not viewed as penal in nature, but rather is considered as a reparation for the loss suffered by the creditor.1 In most instances, a victorious party on a claim for nonpayment will be allowed to recover interes...

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