Alaska Supreme Court
William C. Cox, Appellant v. Estate of Steve Cooper and Dorothy Cooper, Appellees.
September 14, 2018426 P.3d 1032
Summary
The Alaska Supreme Court affirmed the superior court's rulings that Alaska's usury statute does not cap the interest rate for a contract or loan commitment with an express interest rate and a principal exceeding $25,000. The court also held that reconsideration was proper because the superior court corrected a legal error using statutory history, without considering new factual evidence, and that Civil Rule 82 authorized attorney's fees incurred defending the lawsuit. No separate opinions were provided.