Come to a Full Stop

Halt the running of prejudgment interest under tolling agreements.

, New York Law Journal

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Avram E. Luft and Laura Zuckerwise of Cleary Gottlieb Steen & Hamilton write: When parties enter into tolling agreements, the conventional wisdom is that the potential litigation has come to a complete standstill. However, what most defendants fail to consider is that under New York law, while the claim against a defendant may be tolled, in the ordinary course prejudgment interest on that claim continues to run unabated.

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