Employers Threatened With Judgments over Failed Trusts

By Michael Whiteley, Eastern Bureau ChiefBusinesses across New York State could be facing judgments or shutdowns at job sites if attorneys negotiating to pay down $924.6 million in claims left from the state's failed group self-insured trusts don't reach a deal with the State Workers' Compensation Board (SWCB).Rich Honen, an attorney with the law firm of Phillips Lytle, said on Monday that SWCB officials have warned they may file judgments against businesses that fail to negotiate settlements of assessments levied by the board to pay off liabilities left by the failure of 17 trusts...