Ohio Supreme Court upholds product liability time limit
The court ruled 6-1 that a 2005 Ohio law setting a 10 year limit for product liability suits is constitutional but cannot be applied retroactively to Douglas Groch, injured at a General Motors Toledo plant 34 days before the law took effect. Groch’s case, involving a metal trimming press, proceeds in federal court.
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Ohio
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Kard Corp
Racine Federated Inc
Robert Eddy
Racine Federated
SummaCare, Inc
Akron
Health care exec testifies against owners
Sherry Gibson testified in federal court in the securities fraud case against five former owners and executives of National Century Financial Enterprises. She said the company hid practices of advancing cash to Medshares and that top officials misled investors about overpaying providers and moving funds to cover shortfalls. Gibson pleaded guilty to securities fraud conspiracy and received an 18 month sentence for cooperation.
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Delphi agrees to sell bearings unit to Kyklos
Delphi Corp. said it agreed to sell its wheel bearings business to Kyklos Inc. and include a Sandusky plant, machinery, inventory, IP, and supplier contracts. The U.S. Bankruptcy Court in New York will hear March 19, with closing hoped by April 30, amid bids and a prior Resilience offer.
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SummaCare
Ohio House to hear sick-day plan proposal
Ohio House Speaker Jon Husted will allow a hearing on a proposal mandating seven paid sick days per year for most Ohio workers. Backers, having enough petition signatures, seek legislative action though leaders show limited interest. If not passed by May 8 supporters may amass 120000 more valid signatures for the November ballot.
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Jon Husted
Ohio
Husted
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