Legal Opinion
Village of Ilion v. County of Herkimer
New York Court of Appeals
Decided May 1, 2014PublishedCited by 9 opinions
1Opinion of the Court
OPINION OF THE COURT
Chief Judge Lippman.
The primary issue in this breach of contract action is whether a municipality’s liability upon withdrawing from a county self-insurance fund should have been discounted to present value. Under the circumstances presented, we hold that the withdrawal fee reflected benefits to be paid in the future and therefore should have been discounted to its current value as of the date it was due.
The case arises out of a dispute over the administration of a workers’ compensation self-insurance plan (Plan) administered by defendant-respondent Herkimer County…
2Cases cited9 opinions
- Jones & Laughlin Steel Corp. v. PfeiferSupreme Court of the United States · 1983
- Ely-Cruikshank Co. v. Bank of MontrealNew York Court of Appeals · 1993
- Rapid Transit Subway Construction Co. v. City of New YorkNew York Court of Appeals · 1932
- Milbrandt v. A.P. Green Refractories Co.New York Court of Appeals · 1992
- Taylor v. Mayor of New YorkNew York Court of Appeals · 1876
4 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Bank of New York Mellon Trust Co. v. Morgan Stanley Mortgage Capital, Inc.Court of Appeals for the Second Circuit · 2016
- Ashland Inc. v. G-I Holdings Inc. (In re G-I Holdings, Inc.)United States Bankruptcy Court, D. New Jersey · 2016
- BFK Enterprise Co. v. ABB Motors and Mechanical, Inc.District Court, N.D. Oklahoma · 2019
- Bank of New York Mellon Trust Co. v. Morgan Stanley Mortgage Capital, Inc.Court of Appeals for the Second Circuit · 2016
- Financial Guar. Ins. Co. v. Morgan Stanley ABS Capital I Inc.New York Supreme Court · 2017
4 more not listed; retrieve them via the Exa API.