Summary
disallowing further award where jury instructed to include prejudgment interest in verdict
Summary of this case from BPP Wealth, Inc. v. Weiser Capital Management, LLCOpinion
March 19, 1996
Appeal from the Supreme Court, New York County (Walter Schackman, J.).
Since the jury was instructed to consider interest in its deliberations as to damages and the verdict was in excess of the loan principal, the trial court properly found plaintiffs were not entitled to prejudgment interest ( see, Men's World Outlet v Estate of Steinberg, 101 A.D.2d 854; 5 Weinstein-Korn-Miller, NY Civ Prac ¶ 5001.14). We agree with the trial court that, in view of the evidence presented, the jury could reasonably find that fraud had not been proven by a preponderance of the evidence.
This Court will not consider defendant's arguments for affirmative relief since defendant's appeal was dismissed for lack of prosecution, which dismissal is the functional equivalent of an affirmance ( see, Matter of Ellsman, 77 N.Y.2d 926).
Concur — Sullivan, J.P., Wallach, Kupferman and Tom, JJ.