Ohio can freeze ex-top utility regulator’s $8 million in assets, high court says

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The Ohio Supreme Court has reinstated a judge's order allowing the state to freeze $8 million in personal assets belonging to a former top Ohio utility regulator

COLUMBUS, Ohio — The legal dispute over whether it was appropriate to freeze $8 million in personal assets belonging to a former top Ohio utility regulator caught up in a federal bribery investigation has ping-ponged once again.

In a ruling Tuesday, the Ohio Supreme Court reversed the Tenth District Court of Appeals' decision and reinstated a lower court’s order, allowing Sam Randazzo’s assets to be frozen once again. The high court determined the appeals court erred on a technicality when it unfroze Randazzo’s property.

It's just the latest development in the yearslong fight over property belonging to Randazzo, a one-time chairman of the Public Utilities Commission of Ohio. Federal prosecutors last month charged Randazzo with 11 counts in connection with an admission by Akron-based FirstEnergy Corp. that it paid him a $4.3 million bribe in exchange for favorable treatment. Randazzo has pleaded not guilty.

Writing for the majority, Justice Pat DeWine said the three-judge panel was wrong when it unfroze Randazzo's assets in December 2022 — a decision that had been on hold amid the ongoing litigation. The panel reversed a lower court, finding that the state had not proven it would suffer “irreparable injury” if Randazzo were given control of his property.

“The problem is that the irreparable injury showing was not appealable,” DeWine wrote.

Instead, when Randazzo wanted to object to a Franklin County judge’s unilateral decision from August 2021 granting Ohio Attorney General Dave Yost's request to freeze his assets, the appropriate remedy would have been a full