NY Federal Court Blocks Retroactive Judgment Interest Law

Editor's Note: This article was originally published on the Maurice Wutscher blog and is republished here with permission.

A New York federal judge on April 28 temporarily enjoined three New York sheriffs from refusing to enforce judgment executions which seek to collect judgment interest “calculated with the interest rate in effect at the time the judgment was obtained.”

The temporary injunction applies to the sheriffs of Chautauqua, Erie, and Niagara counties.

A copy of the opinion in Greater Chautauqua Federal Credit Union et al. v. Marks et al. is here: Link to Opinion.

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