Toledo v. Iglesia Ni Christo (Court of Appeals)
The court determined, in favor of the appellant – defendant, that the plaintiff’s usage of a 9% interest growth on future wrongful death damages due was incorrect and in excess of the 4.36% discount rate used to calculate the present value of damages from the date of death to date of verdict. The court states that the plaintiff provided no reasonable argument supporting discounting the future damages with a lower interest rate, and then adding back interest at a higher rate.