Mealey's Toxic Tort/Environmental - Texas Supreme Court Issues Postjudgment Interest Rule In Gas Extraction Dispute

Mealey's Toxic Tort/Environmental - Texas Supreme Court Issues Postjudgment Interest Rule In Gas Extraction Dispute

AUSTIN, Texas - In an opinion of first impression entered March 28 arising from a natural gas operating agreement dispute, a unanimous Texas Supreme Court ruled that postjudgment interest accrues from the final judgment date in the trial court unless an appellate court renders a judgment the trial court should have rendered; if, on remand, the trial court determines it must reopen the record to render the proper judgment, postjudgment interest accrues from the date of the subsequent judgment (Larry T. Long, et al. v. Castle Texas Production Limited Partnership, No. 11-161, Texas Sup.).

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