DISCLAIMER: The following unofficial case summaries are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
083915P.pdf 10/22/2010 American Milling Company v. Brennan Marine, Inc.
U.S. Court of Appeals Case No: 08-3915
U.S. District Court for the Eastern District of Missouri - St. Louis
[PUBLISHED][Colloton, Author, with Melloy and Smith, Circuit Judges]
Civil case - Admiralty. Supplemental Rule for Admiralty or Maritime
Claims F(1) permits the district court, in its discretion, to award
compound interest at a rate of six per cent annually, and the district
court award of interest was not an abuse of its discretion; district
court's decision to deny American Milling's motion to deposit the cash
value of the limitation fund into the court's registry in lieu of the
security it had originally posted is affirmed; while the company could
have chosen under Rule F(1) to deposit cash with the court at the
beginning of the proceedings, it was not an abuse of discretion to forbid
a change at a late stage of the litigation when the change would have been
detrimental to the claimants.