March 16, 2022
A witness for the Boy Scouts of America testified during the organization's Chapter 11 confirmation trial Wednesday that the procedures to distribute $2.7 billion in settlement funds to sex abuse claimants were designed to closely mirror the rules for pursuing a claim in the tort system.
March 15, 2022
The attorney who coordinated the national defense strategy of the Boy Scouts of America before its bankruptcy testified Tuesday in Delaware bankruptcy court that he was surprised that more than 80,000 sex abuse claims were filed in the Chapter 11 case when only about 350 lawsuits had been filed prepetition.
March 14, 2022
A witness called by the Boy Scouts of America during the first day of its Chapter 11 plan confirmation trial Monday in Delaware said the $2.7 billion settlement called for in the plan is only possible with the third-party releases of nondebtor entities in place.
March 08, 2022
At the final pretrial conference Monday before the Boy Scouts of America's bankruptcy plan confirmation trial next week, a Delaware bankruptcy judge admonished the organization and the objectors to its proposed Chapter 11 for repeatedly failing to meet court-imposed deadlines and not cooperating to streamline the trial.
March 03, 2022
The Boy Scouts of America Thursday defended the third-party releases in its newest proposed Chapter 11 plan, saying they are allowed under the law and necessary to provide the maximum recovery possible to sexual abuse victims.
February 25, 2022
The U.S. Trustee's Office on Friday lodged more objections to the latest version of the Boy Scouts of America's Chapter 11 plan, taking issue with the organization's $2 million deal resolving accusations that a Pachulski Stang Ziehl & Jones LLP attorney was involved in an inflammatory email to sexual abuse victims.
February 24, 2022
A Delaware bankruptcy judge called on Thursday an impasse in the selection of a Chapter 11 settlement trustee to oversee $2 billion in abuse claimant recoveries in the plan of the Boy Scouts of America "embarrassing," saying the failure to gain consensus casts serious doubts on the viability of the plan.
February 18, 2022
The Boy Scouts of America told a Delaware bankruptcy judge Friday that the organization had reached a $2 million deal with Pachulski Stang Ziehl & Jones LLP to settle accusations a member of the law firm was involved in an inflammatory聽email to sexual abuse victims.
February 11, 2022
Confirmation of the Boy Scouts of America's Chapter 11 bankruptcy plan will start two weeks later than originally scheduled after several insurers, chartered organizations and the U.S. Trustee's Office demanded more information on a new deal that won support of sexual abuse survivors.
February 10, 2022
The mediator appointed to facilitate negotiations among the bankrupt Boy Scouts of America, its insurers and sex abuse claimants announced a deal among the parties early Thursday that will result in critical support for the $2.7 billion Chapter 11 plan trust from groups representing most of the abuse survivors.