Tommy Sheridan entitled to interest on £200,000 damages
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Tommy Sheridan is entitled to interest on the £200,000 damages he was awarded following his successful defamation action against the publishers of the News of the World, at the judicial rate of eight per cent per year from the date of the jury’s verdict in 2006 until the principal sum was paid in 2017, judges in the Inner House of the Court of Session have ruled.
The issue was whether, following the unsuccessful appeal by News Group, interest should be allowed on the damages awarded by the jury from the time when, but for the appellate proceedings, interest would have been applied.
Mr Sheridan’s appeal against a judge’s decision to decline to award any interest on the damages awarded by the jury was allowed; the judge having granted an application to apply the jury’s verdict following an unsuccessful appeal by the defenders for a new trial in light of Mr Sheridan’s conviction for perjury in 2010.
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