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Consumer Finance

Gov. Newsom signed Assembly Bill 2424, a bill that will expand upon California’s Homeowner Bill of Rights

On September 20th, Gov. Newsom signed Assembly Bill 2424, a bill that will expand upon California’s Homeowner Bill of Rights statutory regime and add even further restrictions on nonjudicial foreclosure proceedings in the state. The bill contains three critical revisions to existing…

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The following summaries are of recent published decisions of the California appellate courts, the Ninth Circuit, and the United States Supreme Court. The summaries are presented without regard to whether Severson & Werson represented a party in the case.

California Appellate Tracker

Mooney v. Roller Bearing Co. of America (9th Cir. 2025) 138 F.4th 1349

Interest, Prejudgment, Interest Rate on Judgment on Mixed State and Federal Claims, 2, 6 When  a judgment is based on both state and federal claims, without any distinction between the claims, the district court has discretion to select a proper prejudgment interest rate, choosing between the fluctuating federal prejudgment interest rate and the rate provided by state law.  Here, the…

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