Split Court Says Company's Former Owner Entitled to Comp Dividend Checks

A divided Ohio appellate court ruled that a company that sold its assets to a new owner was entitled to receive the workers’ compensation policy dividend checks paid to the successor under the terms of the asset sale agreement. Benie Logistics Inc. purchased a FedEx trucking and delivery business from Momentum Freight Logistics Corp. for $1.675 million. The purchase agreement identified certain assets as excluded from the sale, including any workers’ compensation premium dividend reimbursement for the policy period from July 1, 2019, through July 1, 2020, and for the policy ...