King v. CVS Caremark Corporation et al

Filing 264

Memorandum Opinion on Post-trial Motions Signed by Chief Judge Karon O Bowdre on 8/2/16. (Attachments: # 1 Exhibit A)(SAC )

FILED
2016 Aug-02 PM 02:57
U.S. DISTRICT COURT
N.D. OF ALABAMA

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF ALABAMA

EASTERN DIVISION

JAMES R. KING,
Plaintiff,
v.
CASE NO.: 1:12-cv-01715-KOB
CVS HEALTH CORPORATION
Defendant.

Fl::-.1AL AME::-.IDEDDAMA,GE CALCULATION THROUGH AUGUST 2, 2016

Original Verdict
Liquidated Damages
Original Verdict Total

$1,065,383.! 5
$1,065.383.15
$2,130,766.30

Remittitur
Remitted Verdict Total

- $900,000
$1,230,766.30

Supplemental Back Pay
Supplemental Liquidated
damages
Prej udgment Interest

$266,307.61
$266,307.61

Total of Jury Award and Supplemental Relief·

$1,880,296.87

$116,915.35

PREJUDGMENT ON TOTAL BACK PAY AWARD THROUGH AUGUST 2, 2016
INTEREST CALCULATION
KINGv. CVS

Year/Month Back Pay

____M_...._ ______ ___ ~~_~~_~ ____ ~ _____ ~

Dec-11
Mar-12
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
Mar-14 ""
Jun-15
Sep-15
Dec-15
Mar-16
Jun-16
Sep-16 ""

$45,304.34
$40,834.30
$40,834.30
$40,834.30
$40,834.30
$42,467.67
$42,467.67
$42,467.67
$42,467.67
$44,166.38
$44,166.38
$44,166.38
$44,166.38
$45,933.04
$45,933.04
$45,933.04
$45,933.04
$45,933.04
$45,933.04
$17,031.30

Cumulative
Backpay Quarterly
Without
Interest
Interest __________
Rate
________ _ _ _
~

$45,304.34
$86,138.64
$126,972.94
$167,807.24
$208,641.54
$251,109.21
$293,576.89
$336,044.56
$378,512.23
$422,678.61
$466,844.99
$511,011.37
$555,177.75
$601,110.79
$647,043.82
$692,97686
$738,909.89
$784,842.93
$830,775.96
$847,807.26

0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.06
0.06

Quarterly
Multiplier
_______________

~ ~

0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0125
0.0150
0.0150

Interest
Due
This
Quarter
_________ ____
~~

$566.30
$1,083.81
$1,607.79
$2,138.31
$2,675.47
$3,239.76
$3,811.10
$4,389.59
$4,975.30
$5,589.58
$6,211.53
$6,841.25
$7,478.84
$8,146.49
$8,822.49
$9,506.93
$10,199.93
$10,901.59
$13,934.43
$4,794.84

~

Cumulative

Backpay

Cumulative
Plus

Interest
Interest

_________________________
___
~"

$566.30
$1,650.12
$3,257.90
$5,396.22
$8,071.69
$11,311.45
$15,122.56
$19,512.14
$24,487.45
$30,077.03
$36,288.55
$43,129.80
$50,608.64
$58.755.14
$67,577.62
$77,084.55
$87,284.49
$98,186.08
$112,120.51
$116,915.35

NOTE 1: The jury awarded back pay for the first two months in February 2016 at the annuatized rate of
$ 183,732.14. Plaintiff has used this rate for the entire period since the dale of the verdict.
NOTE 2: For lhe third quarter of 2016, Plaintiff has used lhe daily rate of $516.10 through August 2.

Consequently, this quarter includes compensation for 33 days (June 1 - August 2).

Because this period is only 113 of the quarter. the interest has been calculated accordingly,

$45,870.64

$87,788.76

$130,230.84

$173,203.46

$216,713.23

$262,420,66

$308,699.44

$355,556,70

$402,999.68

$452,755.64

$503,133.54

$554,141.17

$605,786.39

$659,865.92
$714,621.44
$770,061.41
$826,194.38
$883,029.00
$942,896.47
$964,722.61