April 07, 2022
Attorneys for the bankrupt Boy Scouts of America told a Delaware judge Thursday that if insurers objecting to its proposed Chapter 11 plan had their way, the organization would likely fold and thousands of survivors of sexual abuse would have no recourse for recoveries, as the two parties battled over confirmation of the plan.
April 06, 2022
The first day of closing arguments in the Chapter 11 plan confirmation trial of the bankrupt Boy Scouts of America featured extensive questioning from the presiding judge about what legal standards should be applied in considering the plan centered on a $2.7 billion settlement fund for sex abuse claimants.
March 31, 2022
An expert in sexual abuse claim litigation testified Thursday in the Chapter 11 plan confirmation hearing of the Boy Scouts of America that the debtor's proposed plan would strip sex abuse claim defendants of rights they would have in the tort system.
March 30, 2022
A trust governance expert testified Wednesday during the Chapter 11 plan confirmation trial of the Boy Scouts of America that the structure of a $2.7 billion settlement trust created a situation where parties with specific financial interests could exercise control over the fund.
March 29, 2022
A child developmental psychologist testified Tuesday in the Chapter 11 confirmation trial of the Boy Scouts of America that the procedures in place to validate more than 82,000 claims against the organization alleging childhood sexual abuse were inadequate to assess whether the claims are reliable or fraudulent.
March 28, 2022
A restructuring adviser retained by the Boy Scouts of America testified Monday in Delaware bankruptcy court that the four insurance companies contributing to a $2.7 billion sex abuse claim settlement fund would only have done so with releases in the Boy Scouts' Chapter 11 plan that fully resolve the insurers' liabilities.
March 23, 2022
A member of the survivor working group that negotiated with the Boy Scouts of America for new youth protection policies told a Delaware judge that he supports the debtor's Chapter 11 plan with the measures in place, and would allow his grandchildren to participate in scouting despite his own horrific abuse.
March 22, 2022
A sex abuse claim valuation expert called to testify by the Boy Scouts of America told a Delaware bankruptcy judge Tuesday that most of the 82,000 claims filed in the organization's Chapter 11 case would be essentially worthless in the tort system but will still receive compensation under the bankruptcy plan.
March 21, 2022
A sex abuse claim valuation expert testified Monday in the ongoing Chapter 11 confirmation trial of the Boy Scouts of America, supporting a $250 million settlement the organization reached last year with entities associated with The Church of Jesus Christ of Latter-day Saints, once the largest bloc of Scouting groups in the country.
March 18, 2022
The Boy Scouts of America announced a Chapter 11 settlement with an ad hoc group of Roman Catholic entities Friday, telling a Delaware bankruptcy judge that the deal resolves the group's objections to the debtor's proposed plan to deal with thousands of childhood sexual abuse claims.