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LATEST POSTS
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The appeal is pending and ruling due soon. If it is overturned, they will demand back any payments. -
By Eagle94-A1 · Posted
Has the appeal been ruled yet? Will the money already awarded affect the decision if it hasn't? And is the plan gets overturned, what happens to monies already distributed? -
The internet may be a tough place, but in Scouting, we should be friendly, courteous, and kind. At least that's what we say every Monday evening. A preposterous notion, indeed. -
I am certain they did and hard to square with the Trustee’s statements about transparency. If we had the same information they do (on a confidential basis same as was given in the bankruptcy), we could get a maximum, minimum and likely average very quickly. I think it was before the final vote that we could look at the numbers and already know that it was less than 50% funded with very conservative estimates. A major mis-step (or, conspiracy theory: purposeful approach) was that the Boy Scouts presented an expert who said it would be 100% funded and there was no evidence rebutting that, so in the certification the Judge said I’m relying on the only evidence that was presented. I’m not sure what will happen, but agree that an acceptable outcome to me is getting real money paid out quickly. -
I would agree with your premise that the higher value claims pushed their way to the front of the line. Certainly in the Open state cases with attorney representation. The average will very likely drop. It looks like your over/under on eventual percentage to be funded is around 30%. That is more/less the number I had in mind for some time now. It would be great if the trust would be a little more transparent on this issue. Hopefully, once the appeal is cleared, that will happen. I do believe the trust had a better handle on this, all along. To indicate to victims that their cases were worth triple what they will actually receive is another gut punch. They had to have a basic idea of claim value and potential recovery. At this point, I hope they put some real money into the hands of victims, as many are aging to the point it won't much matter.
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