DirecTV Awarded $10.7 Million in Interest
DirecTV Group Inc. was awarded $10.7 million in interest on top of the $51.5-million verdict it won last month against Pegasus Communications Corp.
U.S. District Judge Lourdes Baird in Los Angeles awarded DirecTV the prejudgment interest for unpaid Pegasus invoices that a jury found totaled the $51.5 million. Pegasus markets the DirecTV satellite-television service in rural U.S. areas.
El Segundo-based DirecTV had sought as much as $12.6 million in interest, while Bala Cynwyd, Pa.-based Pegasus argued that the figure should be $6.5 million if DirecTV was entitled to anything at all, according to court papers.
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