Court Revives WCB's Indemnification Claim for Trust Failure

By Sherri OkamotoLegal ReporterA New York appellate court last week ruled that the state Workers' Compensation Board can proceed with its claims against the administrators and trustees of the now-defunct Healthcare Facilities Workers' Compensation Trust.The trust went belly-up in 2006, near the start of a six-year streak of trust collapses. Of the 62 trusts in operation at the end of 2005, all but three shut down by 2012, leaving about 10,000 employers responsible for nearly $1 billion in claims.At the time it went under, the Healthcare Facilities trust owed roughly $30 million on 294 ...