28 U.S.C.A. § 1961 provides in part that interest shall be allowed on any money judgment in a civil case recovered in a district court. Such interest would continue to accrue throughout an appeal that was later affirmed.
Illinois Motion for Interest on an Affirmed Judgment of a Federal District Court In Illinois, a motion for interest on an affirmed judgment of a federal district court is a legal filing requesting the court to award post-judgment interest on a judgment that has been affirmed by an appellate court. This motion is typically filed by the prevailing party to ensure they receive fair compensation for the time value of money during the appeal process. Post-judgment interest is a calculated amount that accrues on a judgment from the date it was entered until it is fully satisfied. It is intended to compensate the prevailing party for the delay in receiving the monetary award they were granted by the court. When an affirmed judgment is returned to the federal district court, the prevailing party may file a motion for interest to seek additional compensation. Keywords: Illinois, motion, interest, affirmed judgment, federal district court, appellate court, post-judgment interest, compensation, prevailing party, filing, monetary award. Different Types of Illinois Motion for Interest on an Affirmed Judgment of a Federal District Court: 1. Standard Motion for Interest: This is the most common type of motion filed after an affirmed judgment is returned to the federal district court. It seeks the calculation and award of post-judgment interest based on the court-determined interest rate specified in the case. 2. Expedited Motion for Interest: In cases where the prevailing party urgently needs the award to be satisfied, they may file an expedited motion for interest. This motion requests the court to expedite the calculation and award of post-judgment interest to ensure prompt compensation. 3. Motion for Enhanced Interest: In certain instances, the prevailing party may believe that the standard post-judgment interest rate is insufficient to adequately compensate for the delay in receiving the award. In such cases, they can file a motion for enhanced interest, requesting the court to grant a higher interest rate. 4. Motion for Compound Interest: Unlike the standard motion for interest, which typically requests simple interest, a motion for compound interest seeks a calculation and award of interest on the principal judgment amount, as well as on the previously accrued interest. This motion argues that compound interest better reflects the true value of the delayed award. Keywords: Illinois, motion, interest, affirmed judgment, federal district court, appellate court, post-judgment interest, compensation, prevailing party, filing, monetary award, standard, expedited, enhanced, compound interest.
