In a $9.5 million arbitration dispute between a Utah-based construction company and a condominium development in Hawaii, the Utah Supreme Court affirmed a lower court’s order awarding a lesser, Utah postjudgment rate.
In a March 7 opinion, authored by Associate Chief Justice John Pearce, the court concluded that the district court didn’t err in rejecting plaintiff SunStone Reality Partners X LLC’s claim that its construction contract with Bodell Construction Co. required the application of Utah’s postjudgment rate, rather than Hawaii’s.
