Kaiser Alumium v. Bonjorno
Justice O’CONNOR delivered the opinion of the Court.
We are called upon in these cases to decide the applicable rate of postjudgment interest and the date from which postjudgment interest should be calculated pursuant to the federal postjudgment interest statute. 28 U.S.C. § 1961 (1982 ed.) (amended).
I
Respondents (Bonjorno) were the sole stockholders of now defunct Columbia Metal Culvert Co., Inc., which was at one time a fabricator of aluminum drainage pipe in Vineland, New Jersey. Bonjorno brought suit against petitioners (Kaiser) in the United States District Court for the Eastern District of Pennsylvania on the theory that Kaiser had monopolized the market for aluminum drainage pipe in the Mid-Atlantic region of the United States in violation of the Sherman Act. 26 Stat. 209, as amended, 15 U.S.C. §§ 1 and 2 (1988).
At the first trial, the District Court entered a directed verdict for Kaiser. The Court of Appeals for the Third Circuit reversed, holding that there was sufficient evidence for the case to go to the jury. Columbia Metal Culvert Co. v. Kaiser Aluminum & Chemical Corp., 579 F.2d 20, 37 (1978). On August 21, 1979, a second trial resulted in a jury verdict in respondents’ favor in the trebled amount of $5,445,000. The judgment was entered on August 22, 1979. The District Court held that the evidence did not support the jury’s damages award and granted petitioners’ motion for a new trial as to damages only. 518 F.Supp. 102, 109, 119 (ED Pa.1981). A limited retrial
