What is the range of damages for loss of pre-judgment interest in equity?
Ontario, Canada
The following excerpt is from Vignjevic, P. v. Reeves, et al, 2019 ONSC 7458 (CanLII):
The Plaintiffs are seeking an award of compound pre-judgment and post-judgment interest, to reflect the lost profits that could have been earned from the investments. An award of compound interest is a discretionary remedy in equity and may be awarded if the breaches require “moral sanction” or where compound interest is consistent with expectation damages or is a necessary component of restitutionary damages: Boughner v. Greyhawk Equity Partners Limited Partnership (Millenium), 2013 ONSC 163, at para. 37.
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