United States Court of Appeals
                           FOR THE EIGHTH CIRCUIT
                                   ___________

                               Nos. 03-2867/03-2971
                                   ___________

Amtrust, Incorporated, a Wyoming     *
Corporation, as Trustee of the       *
Lindana Amthor Bolanos Texas Trust, *
                                     *
     Appellee/Cross-Appellant,       * Appeal from the United States
                                     * District Court for the District
     v.                              * of Minnesota.
                                     *
Roger C. Larson, individually,       *
                                     *
     Appellant/Cross-Appellee.       *
                                ___________

                             Submitted: June 14, 2004
                                Filed: November 4, 2004
                                 ___________

Before SMITH, BEAM, and COLLOTON, Circuit Judges.
                           ___________

BEAM, Circuit Judge.

      Roger Larson appeals the district court's1 entry of judgment against him in this
mortgage foreclosure case. Amtrust cross-appeals the amount of the award. We
affirm.




      1
      The Honorable David S. Doty, United States District Judge for the District of
Minnesota.
I.    BACKGROUND

       In May 1991, Larson received a secured loan of $275,000 from Tawakoni Land
Development (TLD), to help with cash flow needs of his struggling business, Pacific
Pool and Patio (PPP). The loan was secured by PPP assets. When the business
continued to founder, Larson gave TLD a mortgage on his real property as additional
security. PPP went into Chapter 7 bankruptcy shortly thereafter, and the business
inventory and assets were to be sold to help cover the loan. One of Larson's
employees conducted an asset sale, and Larson delivered the proceeds of this sale to
TLD's agent in Minnesota. All of the assets were not sold at this first sale, however,
and by summer of 1992, the continuing costs of liquidating collateral exceeded the
potential sales proceeds. Thus, the remaining collateral was shipped to Texas and
stored in a warehouse.

      TLD sent the Chapter 7 bankruptcy trustee, Brian Leonard, an accounting on
November 2, 1992, stating that after all of the assets in Texas were sold under a best-
case scenario, Larson would still be liable for $172,760 plus interest and attorney
fees. Three days after receiving this letter, Leonard prepared a Notice of
Abandonment (Notice), stating that the deficiency balance was $159,885.44. There
was evidence at trial that none of the assets in Texas were ever sold. Larson testified,
however, that he was informed by representatives of TLD that the deficiency balance
was taken care of following the asset liquidation.

       TLD assigned Amtrust its interest in the loan in 1998. In 2000, Amtrust sent
Larson notice that it was the assignee of the mortgage, and that with 13.5% yearly
interest, he owed Amtrust over $500,000. Complicating matters, in July 1993 after
all efforts at liquidation had been exhausted, Larson gave a sworn statement to the
IRS for an offer-in-compromise that he still owed TLD approximately $300,000.
And, in 1999, Larson's attorney sent a letter to the Minnesota Department of



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Economic Security stating that Larson owed TLD approximately $500,000 at that
time.

       Amtrust commenced this action, and eventually moved for summary judgment
based upon Larson's sworn statements to the IRS and the letter to the State of
Minnesota. Larson asserted various counterclaims against Amtrust, but they have
since been dismissed. In the course of the litigation, Amtrust also demanded a jury
trial on those counterclaims. The district court denied summary judgment, granted
the jury trial request, and after the counterclaims were dismissed, Amtrust sought to
try the case without a jury. The district court denied this motion, but stated in its
order that it reserved the right to consider the jury advisory if the court concluded
there was no right to a jury trial.

       The jury entered judgment for Amtrust, but only for $108,385.44, and Amtrust
asked for a new trial. The district court denied this motion, but declared that the
jury's verdict was advisory only, vacated its former judgment, and ordered judgment
for Amtrust in the amount of $326,727.48. The court said that it adopted the jury's
finding for the principal amount, and added prejudgment interest. Amtrust then filed
for attorney fees and was awarded an additional $350,065.94 in fees and costs. Both
parties timely appeal various aspects of the district court’s final order.

II.   DISCUSSION

      The district court's decision to deny summary judgment is reviewed de novo,
Top of Iowa Coop. v. Schewe, 

, 631 (8th Cir. 2003), and its rulings on
admissibility of trial evidence are reviewed for an abuse of discretion, Shelton v.
Consumer Prods. Safety Comm'n, 

, 1009 (8th Cir.), cert. denied, 

(2002). We review the district court’s factual findings for clear error.
Cook v. Nebraska Public Power Dist., 

, 630 (8th Cir. 1999).



                                        -3-
      A.     Larson's Appeal

       Larson argues he was prejudiced when the district court relegated the jury's
verdict to advisory status, and in particular, complains that the district court declared
the jury advisory at a prejudicially late stage in the proceedings–after the jury had
rendered its verdict. Because there was no entitlement to a jury as a matter of right
in this mortgage foreclosure case, Mile High Indus. v. Cohen, 

, 856
(10th Cir. 2000), we review the decision to declare the jury advisory for an abuse of
discretion. Gragg v. City of Omaha, 

, 358 (8th Cir. 1994) (per curiam)
(holding that when there is no jury as of right, abuse of discretion standard applies to
court's decision to declare jury advisory after the trial's commencement).

        Here, the district court clearly informed the parties at the pretrial conference
that it might use the jury as an advisory jury. This adequately prepared Larson for the
possibility that the jury would not ultimately decide his case. We find the district
court did not abuse its discretion in treating the jury as advisory in these
circumstances. Even assuming that the district court erred in declaring the jury
advisory, Larson was not actually prejudiced by the district court’s treatment of the
jury as advisory. See Indiana Lumbermens Mut. Ins. Co. v. Timberland Pallet and
Lumber Co., 

, 375-76 (8th Cir. 1999) (holding that appellant was not
prejudiced by court's incorrect dismissal of jury and treatment of its verdict as
advisory). The district court awarded Amtrust $108,385.44 in principal, plus
$218,342.04 in interest, for a total award of $326,727.48. The jury had awarded
Amtrust $108,385.44. As it expressly noted, the district court simply adopted the
jury's finding with regard to principal, and awarded prejudgment interest. Under
these circumstances, Larson cannot show he was prejudiced by the district court’s
decision to declare the jury advisory, because as we will explain shortly, Amtrust was
entitled to prejudgment interest.




                                          -4-
        Larson also complains about the amount of interest the district court awarded.
Prejudgment interest should generally be awarded, absent exceptional circumstances,
such as a claimant's delay tactics, bad faith or assertion of frivolous claims. United
States ex rel. Bernard v. Casino Magic Corp., 

, 516 (8th Cir. 2004); see
Simeone v. First Bank Nat'l Ass'n, 

, 190-91 (8th Cir. 1996) (holding that
a trial court's authority to award prejudgment interest is controlled by statute2 and that
it is a proper element of damages). The district court correctly rejected Larson's
argument that the jury's award of $108,385.44 already included interest. The record
simply does not support this contention. Nor does the record reveal that Amtrust
engaged in any of the aforementioned exceptional circumstances sufficient to deny
prejudgment interest. We therefore find the district court did not err in its decision
to award prejudgment interest, or in its interest calculation. We have reviewed
Larson's remaining contentions and find them to be without merit.

      B.     Amtrust's Cross-Appeal

      Amtrust argues that the district court improperly admitted the Notice into
evidence, and objected to its admission at trial because of purported deficiencies in
foundation and hearsay. With regard to foundation, Amtrust argues that the Notice
was not admissible as a business or public record. However, we find that the Notice
has adequate foundation as a public record. Fed. R. Evid. 803(8) provides,

      Records, reports, statements, or data compilations, in any form, of public
      offices or agencies, setting forth (A) the activities of the office or
      agency, or (B) matters observed pursuant to duty imposed by law . . . or
      (C) in civil actions and proceedings . . . factual findings resulting from
      an investigation made pursuant to authority granted by law.




      2
       Minn. Stat. Ann. § 549.09.

                                           -5-
       The Notice was filed by an uninterested party, the bankruptcy trustee, as part
of his official duties prescribed by law. The Notice very possibly meets both parts
(B) and (C), but clearly meets part (C) of the rule as a finding of fact. Amtrust does
not argue that the Notice is a fake, or was not really filed in Larson’s bankruptcy
proceedings. Instead, Amtrust takes issue with the content of the Notice. Amtrust
argues that the notice is untrustworthy because it contains secondary hearsay.
Leonard did not testify at trial, and the report itself does not specifically indicate who
supplied Leonard with the accounting of the sale proceeds, nor are the methods used
to calculate the final figures disclosed.

       Rule 803(8) indicates that public records are admissible "unless the sources of
information or other circumstances indicate lack of trustworthiness." Fed. R. Evid.
803(8). In Kehm v. Proctor & Gamble Mfg. Co., 

(8th Cir. 1983), we
noted that the public records exception to the hearsay rule was created with the
assumption that a public official will properly perform his duties, but might not
remember performing them after the fact. 

"The rule assumes admissibility
in the first instance but with ample provision for escape if sufficient negative factors
are present. The burden is on the party opposing admission to prove the report's
untrustworthiness." 

citations omitted).

      As the party opposing the Notice’s admission into evidence, Amtrust did not
meet the burden of establishing the Notice’s untrustworthiness. At trial, Amtrust
simply objected on the basis of foundation and hearsay, but did not request to be
heard further on the issue. None of the arguments Amtrust has presented to this court
about untrustworthiness were made to the district court, either at the time of the
objection or in the memorandum3 in support of the motion for new trial.

      3
      Several points are worth noting with regard to Amtrust’s memorandum in
support of the motion for new trial. First, despite the fact that Amtrust had the burden
of showing untrustworthiness to the district court, Amtrust did not include this
memorandum as part of its Appendix on appeal. Second, Amtrust does make similar

                                           -6-
       We also find that Amtrust’s appellate arguments about untrustworthiness are
unavailing. Amtrust argues that the Notice indicates a lack of trustworthiness
because it did not disclose the sources of Leonard’s information, and also because
Leonard, as bankruptcy trustee, had no particular reason to be accurate in his
calculations. Amtrust also argues that testimony of other witnesses at trial establishes
the unreliability of the Notice, because these witnesses contradicted information
contained in the Notice. While those may be persuasive arguments if applicable in
this situation, they address the weight to be given the Notice, rather than its
admissibility. See 

(distinguishing between weight of
evidence and admissibility of evidence with regard to business and public records
exception). Amtrust's disagreement with how the bankruptcy trustee, an officer of the
court, came to his conclusions in the Notice does not make the Notice sufficiently
untrustworthy to preclude admissibility.

       Further, Amtrust's argument that the Notice was inadmissible because it
contained secondary hearsay is without merit. The record indicates that the genesis
of the bankruptcy trustee's finding is the accounting sent from TLD to the trustee. As
TLD's successor-in-interest, Amtrust is saddled with that admission. Although there
is a de minimis difference between TLD's accounting letter and the trustee's final
factual conclusion, Amtrust cannot be heard to argue that information it supplied is
untrustworthy.4


arguments about the Notice’s suspect content in the motion for new trial and on
appeal to this court. However, Amtrust does not cite to Rule 803(8), or even mention
the word "untrustworthy" in the memorandum in support of the motion for new trial.
Nevertheless, even considering Amtrust's arguments about the Notice's content in the
memorandum, Amtrust did not meet its burden of showing untrustworthiness.
      4
        As noted previously, Amtrust, through assignment, is TLD's successor-in-
interest. Amtrust's brief notes that Harry Myers, an officer of TLD, sent (bankruptcy
trustee) Leonard a letter indicating that based upon assumed asset liquidations by
TLD, Larson would "owe TLD $172,760.87 plus additional interest and attorneys

                                          -7-
       Even so, Amtrust argues that in spite of this admission by its predecessor-in-
interest, the Notice of Abandonment wrongly gives Larson credit for inventory sales
which did not occur, and argues that the district court (and the advisory jury)
obviously used this flawed document to calculate the principal owed to Amtrust. The
district court's factual findings are reversible only upon a finding of clear error.

. Our review of the record reveals that the district court did not
clearly err. There certainly was testimony that none of the inventory stored in Texas
was sold, but Larson also testified that he was given the impression that the result of
all the liquidation efforts covered the balance of his loan. The district court’s
decision, as the trier of fact, to somewhat strike a balance between these competing
contentions cannot be viewed as clear error.

      Finally, Amtrust argues that Larson "created" an issue of material fact through
deposition testimony which contradicted prior sworn statements to the IRS and the
Minnesota Department of Economic Security regarding the amount of his
indebtedness. Amtrust contends Larson should have been estopped from making an
argument contradicting the amount of debt which he represented to those agencies.
Accordingly, Amtrust maintains that the district court should have granted summary
judgment in its favor based on Larson's prior sworn statements.

        The doctrine of judicial estoppel prevents a party from taking a position during
litigation which is contrary to one taken in a prior judicial or quasi-judicial
proceeding. The underlying purpose is to protect the judicial process. Leonard v.
Southwestern Bell Corp. Disability Income Plan, 

, 702 (8th Cir. 2003).
Judicial estoppel is only available as a means to bar inconsistent statements if the


fees. Three days later . . . Leonard prepared [the disputed] Notice of Abandonment
for filing with the United States Bankruptcy Court." Amtrust's Brief at 6-7. So, at
best for Amtrust, the notice is prejudicial to Amtrust in the amount of only
$12,875.43 less than the stipulated figure. We believe there is sufficient play in the
evidentiary joints to account for this minor discrepancy.

                                          -8-
prior statements were adopted by a court, made in a judicial proceeding, or made in
the same or related litigation. 

precludes a party from denying
previously asserted facts if the injured party relies upon that information. Total
Petroleum, Inc. v. Davis, 

, 737 (8th Cir. 1987). "Quasi-estoppel" has
been invoked by various courts to estop parties from asserting a position in judicial
proceedings different than what was reported on their income tax returns. E.g., In re
Robb, 

, 898-99 (4th Cir. 1994) (bankruptcy proceeding).

       Larson contends that his statements to the IRS and the state were merely
recitations that he was subject to a recorded mortgage, not a statement under oath
about his indebtedness. While Larson's statements are close to being inconsistent, it
was reasonable for the district court, viewing the facts in the light most favorable to
Larson, to accept as a disputed fact Larson's explanation of why he made those
statements. Further, we doubt whether the statements to either the IRS or the State
of Minnesota were made in the context of judicial or quasi-judicial proceedings. Both
statements were made as Larson attempted to negotiate a settlement of his tax liability
to the federal government and the State of Minnesota. This also distinguishes the
situation from Robb, where the parties had actually filed federal income tax returns
with information inconsistent with positions later taken in the bankruptcy case.
Amtrust cannot assert equitable estoppel because none of the prior representations
were made to Amtrust. Larson's prior statements to government officials are
troubling. However, in light of the district court's mandate to view the facts in the
light most favorable to Larson, the court did not err in denying Amtrust's motion for
summary judgment.

III.   CONCLUSION

       We affirm the district court in all respects.
                       ______________________________



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