Law360, New York (February 22, 2012, 4:09 PM ET) -- If your client is currently fighting a judgment on appeal and is incurring interest on funds it borrowed to obtain collateral for a letter of credit (LOC) required for a surety bond to stay enforcement, you should immediately advise your client that if it is successful on appeal, the interest paid on such a loan is not a recoverable “cost” under Cal. Rules of Ct. (CRC) Rule 8.278(d)(1)(F).
The California Supreme Court in Rossa v. D.L. Falk Construction Inc. (Cal. 2012) 53 Cal. 4th 387 (“Rossa...
In Calif., Not All Appellate Costs Are Created Equal
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