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NLRB orders daily compound interest on backpay awards

  • Jones Day
  • -
  • USA
  • -
  • October 29 2010

In a decision released on October 25, 2010, the National Labor Relations Board ("Board") unanimously adopted the new remedial policy of adding daily compound interest to backpay awards under the National Labor Relations Act ("NLRA"), as opposed to the prior simple interest calculation