Puerto Rico Highway and Transportation Authority v. Redondo Construction Corp. (In re Redondo Construction Corp.)

Summarized by David Baker , Law Office of David G. Baker
10 years 2 weeks ago

Citation:

First Circuit No. 15-1397

Tag(s):

Ruling:

Affirmed in part, vacated and remanded in part.

Procedural context:

This appeal arises in the context of rather contentious litigation between debtor Redondo Construction and the Authority. The parties are arguing about whether the debtor is entitled to pre-judgment interest.

Facts:

The background is set forth in the bankruptcy court's opinion, 411 BR 89 (Bankr.D.P.R. 2009). Redondo was a contractor for the Authority, and had asserted claims for additional work on contracts. Before that issue was resolved, Redondo filed a chapter 11 petition. After a prior remand, the Authority appealed again, arguing that Redondo was not entitled to interest for various reasons, but that in any event the calculation of interest was erroneous. The Circuit court held that Redondo is entitled to interest, but agreed that the calculation was incorrect, so remanded for recalculation.

Judge(s):

Torruella (author), Hawkins (of the 9th Circuit), and Barron.

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