Lyantie Townsend v. R.j. Reynolds Tobacco Company, Respondent

Summary

The Florida Supreme Court held that the 2010 version of §55.03(3) created a vested, substantive right to a fixed post‑judgment interest rate, so the 2011 amendment that made the rate adjustable does not apply to judgments entered before July 1, 2011; it quashed the appellate court's decision and remanded for further proceedings. Justice Polston dissented, arguing the lower court should be affirmed.