Opinion
04-CV-768S (F).
October 25, 2007
DECISION and ORDER
By motion filed September 25, 2007, Plaintiff moves for an order to enforce a settlement (Doc. No. 65) ("Plaintiff's Motion"). In opposition, Defendants filed, on October 12, 2007, the Declaration of Kim S. Murphy, Assistant New York Attorney General, along with a copy of the Stipulation of Settlement and Order of Dismissal ("Murphy Declaration"), ("Defendants' Exhibit A"), ("Settlement Agreement") (Doc. No. 67), and the Declaration of Colin Campbell, Senior Budget Analyst, New York State Office of the Comptroller (Doc. No. 68) ("Campbell Declaration"). Plaintiff's Reply was filed October 19, 2007 (Doc. No. 70) ("Plaintiff's Reply"). Oral argument was deemed unnecessary. Based on its review of Plaintiff's Motion and Defendants' Declarations, the court finds Plaintiff has received slightly more than the full amount of the settlement to which he is entitled under paragraph 6 of the Settlement Agreement, including interest as applicable. Murphy Declaration ¶ 5; Campbell Declaration ¶ 4.
The court notes that the interest rate under 28 U.S.C. § 1961, as provided by the Settlement Agreement, applicable to delayed payment of the settlement amount of $3,000 was 4.91%. See attached. Calculated on the basis of .00013% per day for 27 days of overdue payment, Plaintiff was thus entitled to $10.80 in interest. Plaintiff was in fact paid interest in the amount of $10.85.
Accordingly, Plaintiff's motion is moot, and is therefore DISMISSED.
SO ORDERED.
FEDERAL RESERVE statistical release H.15 (519) SELECTED INTEREST RATES 1 2 3 3 4 5 3 6 3 7 2 3 8 2 9 3 4 10 11 12 13 14 15 16
For use at 2:30 p.m. Eastern Time Yields in percent per annum May 14, 2007 Instruments 2007 2007 2007 2007 2007 Week Ending 2007 May 7 May 8 May 9 May 10 May 11 May 11 May 4 Apr Federal funds (effective) 5.24 5.21 5.21 5.25 5.27 5.23 5.25 5.25 Commercial Paper Nonfinancial 1-month 5.22 5.19 5.20 5.20 5.22 5.21 5.22 5.23 2-month 5.20 5.21 5.19 5.19 5.19 5.20 5.23 5.21 3-month 5.17 5.18 5.17 5.18 5.17 5.17 5.18 5.20 Financial 1-month 5.24 5.25 5.25 5.24 5.23 5.24 5.24 5.24 2-month 5.23 5.23 5.22 5.22 5.23 5.23 5.24 5.24 3-month 5.23 5.21 5.23 5.23 5.23 5.23 5.23 5.23 CDs (secondary market) 1-month 5.28 5.28 5.28 5.29 5.28 5.28 5.28 5.29 3-month 5.31 5.31 5.31 5.31 5.31 5.31 5.31 5.31 6-month 5.31 5.31 5.31 5.32 5.30 5.31 5.31 5.31 Eurodollar deposits (London) 1-month 5.30 5.32 5.32 5.30 5.30 5.31 5.32 5.31 3-month 5.32 5.35 5.35 5.32 5.32 5.33 5.35 5.34 6-month 5.35 5.35 5.35 5.34 5.32 5.34 5.35 5.34 Bank prime loan 8.25 8.25 8.25 8.25 8.25 8.25 8.25 8.25 Discount window primary credit 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25 U.S. government securities Treasury bills (secondary market) 4-week 4.65 4.66 4.65 4.67 4.65 4.66 4.64 4.89 3-month 4.77 4.76 4.74 4.73 4.73 4.75 4.77 4.87 6-month 4.83 4.82 4.79 4.75 4.72 4.78 4.82 4.86 Treasury constant maturities Nominal 1-month 4.76 4.76 4.75 4.77 4.75 4.76 4.74 4.99 3-month 4.89 4.90 4.88 4.87 4.87 4.88 4.90 5.01 6-month 5.03 5.02 4.99 4.95 4.91 4.98 5.02 5.07 1-year 4.92 4.91 4.90 4.86 4.85 4.89 4.90 4.93 2-year 4.68 4.68 4.73 4.70 4.71 4.70 4.65 4.67 3-year 4.58 4.58 4.64 4.60 4.62 4.60 4.58 4.60 5-year 4.55 4.54 4.58 4.56 4.58 4.56 4.55 4.59 7-year 4.57 4.56 4.60 4.58 4.60 4.58 4.58 4.62 10-year 4.64 4.63 4.67 4.65 4.67 4.65 4.65 4.69 20-year 4.86 4.87 4.91 4.90 4.92 4.89 4.89 4.95 30-year 4.79 4.80 4.83 4.83 4.85 4.82 4.82 4.87 Inflation indexed 5-year 2.18 2.16 2.20 2.15 2.20 2.18 2.10 2.12 7-year 2.21 2.21 2.24 2.20 2.23 2.22 2.15 2.20 10-year 2.27 2.27 2.29 2.27 2.30 2.28 2.22 2.26 20-year 2.36 2.37 2.39 2.38 2.41 2.38 2.33 2.35 Inflation-indexed long-term average 2.35 2.35 2.38 2.37 2.40 2.37 2.31 2.34 Interest rate swaps 1-year 5.32 5.32 5.32 5.34 5.32 5.32 5.32 5.30 2-year 5.08 5.08 5.08 5.12 5.08 5.09 5.08 5.06 3-year 5.01 5.01 5.01 5.05 5.00 5.02 5.01 5.01 4-year 5.01 5.00 5.01 5.04 5.00 5.01 5.01 5.02 5-year 5.02 5.02 5.03 5.06 5.01 5.03 5.04 5.05 7-year 5.08 5.07 5.08 5.11 5.07 5.08 5.10 5.12 10-year 5.17 5.17 5.18 5.20 5.17 5.18 5.20 5.21 30-year 5.37 5.36 5.38 5.40 5.38 5.38 5.40 5.42 Corporate bonds Moody's seasoned Aaa 5.41 5.42 5.42 5.41 5.43 5.42 5.40 5.47 Baa 6.28 6.29 6.32 6.31 6.33 6.31 6.31 6.39 State local bonds 4.24 4.24 4.25 4.26 Conventional mortgages 6.15 6.15 6.16 6.18 See overleaf for footnotes.