IBM Corp. must post a $25 million bond as it appeals a $78 million judgment in a long-running case that stems from the company’s failed effort to automate much of Indiana’s welfare services. POSTED BY INDIANALAWYERJanuary 9, 2018 Marion Superior Court Judge Heather Welch issued the order Tuesday while granting IBM’s request to halt enforcement of the full monetary judgment as its appeal is pending. The company has two weeks to post the $25 million, which is Indiana’s maximum for an appeals bond.Armonk, New York-based IBM has appealed Welch’s finding in August that the technology and consulting giant owes Indiana $78 million in damages from its botched attempt to privatize and automate the processing of Indiana’s welfare applications.The judge wrote in Tuesday’s order that IBM had argued that its “financial strength proves that it will have the means to pay” about $90 million — the amount the award is expected to grow to, with interest, over the two years its appeal will likely take.She noted in approving the $25 million bond that Indiana’s attorneys had sought “more certainty” that IBM would be able pay up if its appeal fails. But Welch wrote that Indiana’s concerns about IBM’s long-term viability, and its ability to pay the full amount, seem “highly unlikely except under extreme circumstances” given the company’s annual revenues in the billions of dollars.“To no longer be viable, IBM would have to suffer a disaster or Enron-Ievel scandal to no longer be a viable company in the approximately two-year appeal process,” she wrote.story continues belowJohn Maley, a Barnes & Thornburg parnter representing Indiana, praised the judge’s “prompt ruling” coming a month after she heard arguments in the matter. “We’re pleased that IBM, like all others, is required to post this bond,” he said Wednesday.IBM spokesman Clint Roswell said the company is happy with the ruling.Indiana and IBM sued each other in 2010 after then-Gov. Mitch Daniels cancelled the company’s $1.3 billion contract under which an IBM-led team of vendors worked to process applications for food stamps, Medicaid and other benefits.Indiana pulled that contract in late 2009, less than three years into the 10-year deal, following complaints about long wait times, lost documents and improper rejections.The Indiana Supreme Court ruled in 2016 that IBM breached its contract and directed the trial court to calculate the damages. The justices affirmed an award of nearly $50 million to IBM in state fees, but allowed Indiana to seek more than $172 million in damages from IBM. FacebookTwitterCopy LinkEmail
This match will get underway today at the CIFA Academy at 1pm (PNG time).PNG and New Zealand are the only teams to go through pool play without a defeat.But after a first-up 7-1 drubbing of Vanuatu, PNG struggled a little, edging Cook Islands 2-1 before the draw with Fiji on Match Day 5.Our girls will be banking on top striker in the tournament Belinda Giada to help them secure a win.Giada scored a total of eight goals so far in the tournament, four goals against Vanuatu, two goals against Cook Islands and another two against Fiji.She has lived up to expectations with her attacking ability and is a strong contender for the golden boot award.New Zealand is playing Fiji in the first match at the CIFA Academy from 10am (PNG time).After navigating their way through pool play, the four nations will fight for a spot in the final of the tournament.The champion of this tournament will have direct qualification to the FIFA U-17 Women’s World Cup at Jordan from 30 September to 21 October.Eight countries took part in the tournament with the top four playing the semifinals while Vanuatu, Samoa, Cook Islands and Tonga missed out.