Rosalind T. Spodek, Also Known as Roslyn Spodek, Respondent v. Park Property Development Associates, Appellant

Summary

The New York Court of Appeals affirmed the Appellate Division's order that the plaintiff is entitled to prejudgment interest on both unpaid interest and principal under CPLR 5001(a). The court held that the statutory provision allows simple interest recovery and that earlier cases concerning compound interest are inapposite.