Lands’ End, Inc. v. City of Dodgeville

This case was one of several cases involving litigation between Lands’ End and the City of Dodgeville challenging the City’s property tax assessment of Lands’ End’s headquarters. In 2009, Lands’ End made an offer of settlement, which the City rejected. Eventually, the court of appeals remanded the matter to the circuit court with directions to enter judgment in favor of Lands’ End in the amount of $724,292 plus statutory interest. At issue on remand was whether Lands’ End was entitled to interest at the statutory rate of interest in effect when the offer of settlement was made under Wis. Stat. 807.01(4) or at the statutory rate of interest in effect when Lands’ End recovered the judgment under the amended version of the statute. The circuit court awarded interest at “1 percent plus the prime rate,” the rate in the amended version of the statute. The Supreme Court affirmed, holding (1) Lands’ End did not have a vested right in the twelve percent interest rate in effect in section 807.01(4) at the time Lands’ End made its offer of settlement; and (2) awarding interest under the amended version of the statute did not violate the Due Process or Equal Protection clauses of the federal and state constitutions. View "Lands' End, Inc. v. City of Dodgeville" on Justia Law