Tobin v. Jersey Shore Bank

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that although prime lending rate was \[i]n most cases\ appropriate for wrongfully withheld funds, in this case the evidence supported applying passbook rate
• \[T]he trial court is vested with broad discretion to allow prejudgment interest in accordance with equitable principles.\
• “Generally, the measure of damages to the creditor will be the cost to him of borrowing the amount of money wrongfully withheld by the debtor. In most cases that will be the pi'ime lending rate.”

Source: CourtListener parenthetical corpus (CC0).