Legal Opinion
In the Matter of FARLEY INC., Doing Business as Tool & Engineering and Magnus Metals, Debtor. Appeal of Ohio Bureau of Workers’ Compensation
Court of Appeals for the Seventh Circuit
Decided January 23, 2001No. 00-1976PublishedCited by 3 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Like most states, Ohio requires employers to insure their workers’ compensation obligations. Ohio permits wellheeled firms to dispense with insurance if they post surety bonds. Bonds are less costly than insurance because the surety has a right of subrogation against the employer in the event the surety is called on to pay. In 1986 Ohio entered the bonding business, requiring self-insuring employers to obtain surety bonds from the state. Ohio Rev. Code § 4123.351(B). Between October 1987 and July 1990 Farley Inc. paid Ohio to stand behind benefits for workers at the…
2Cases cited5 opinions
- Rivers v. Roadway Express, Inc.Supreme Court of the United States · 1994
- Phoenix Container, L.P., and Yasar Samarah v. Ken SokoloffCourt of Appeals for the Seventh Circuit · 2000
- Holben v. Interstate Motor Freight SystemOhio Supreme Court · 1987
- Kerr v. Personal Service InsuranceOhio Court of Appeals · 1975
- In Re Farley, Inc.United States Bankruptcy Court, N.D. Illinois · 1999
3Cited by3 opinions
- Thelma Perry v. First National Bank, Doing Business as First National Credit CardCourt of Appeals for the First Circuit · 2006
- Perry, Thelma v. First National BankCourt of Appeals for the Seventh Circuit · 2006
- Thelma Perry v. First National Bank, Doing Business as First National Credit CardCourt of Appeals for the First Circuit · 2006