MYCVAStory
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Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
Remember....open, closed...attorneys will get their percentage. It doesn't matter who gets what as long as it gets out the door so a percentage of the total awarded comes raining down. -
In case you haven't seen, this just dropped:
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Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
The TCC has apparently had enough of Survivors being misled. Just got a message that this video has dropped:: -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
The Rothweiler video is DISGUSTING. He expressly states that if your claim is not in an "open" state that you will receive nothing. Importantly, he fails to recognize the many thousands of claims that are in statute even in bad states because the survivor is still within the timeframe under the applicable statute. Also, he quickly throws in the trash all of the claims in Oregon, Washington, and New Mexico, which each have very liberal rules when comes to this point. He also fails to tell everyone that under the plan those in "closed" stated will receive as little as 1% - 10% of their claims after the statute discount, which does not take into consideration an underfunded trust. Plus, he never lets us forget he is a trial lawyer from Pennsylvania, presumes that all of those claims will be disallowed when he and his partners argued vigorously for very minor statute of limitation discount. The hypocrisy is beyond what I ever thought was possible. SURVIVORS DESERVE SO MUCH BETTER THAN BEING MISLEAD AND SUBJECTED TO FEAR-MONGERING. -
Just a reminder: The next Town Hall of the Official Committee of Tort Claimants' (the “TCC”) in the Boy Scouts of America bankruptcy cases will be held on Thursday, October 21, 2021, 8 pm (Eastern) View Full Notice Zoom link: https://pszjlaw.zoom.us/j/82272826295 (no registration required) or by phone: 888-788-0099 (toll free), Webinar ID: 822 7282 6295 To be discussed at this Town Hall: Trust Distribution Procedures Hartford Settlement and Local Council Settlement Solicitation Materials and Voting Ballots TCC’s recommendation on how to vote
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Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
Just a reminder... The next Town Hall of the Official Committee of Tort Claimants' (the “TCC”) in the Boy Scouts of America bankruptcy cases will be held on Thursday, October 21, 2021, 8 pm (Eastern) View Full Notice Zoom link: https://pszjlaw.zoom.us/j/82272826295 (no registration required) or by phone: 888-788-0099 (toll free), Webinar ID: 822 7282 6295 To be discussed at this Town Hall: Trust Distribution Procedures Hartford Settlement and Local Council Settlement Solicitation Materials and Voting Ballots TCC’s recommendation on how to vote -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
Good point "might seem like a mess" is my biggest understatement yet. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
First, remember that there needs to be a 2/3 majority of VOTING claimants for the class to approve a plan. The Coalition won't be removed as a mediation party if it fails but obviously their influence would be greatly decreased. As well, the TCC's position as truly representing ALL Survivors is enhanced. Remember too that the Judge is really concerned about the "quick pay" votes. She is going to hear the argument that someone in a "bad" State taking the quick pay option should not have the ability to impact someone in a "good State" who has a claim ready to continue if a permanent injunction isn't granted. So, there's a scenario where this plan passes BUT after removing the quick pay votes it falls under the threshold. That might seem like a mess but it really provides a fuller picture of support, or not, and she may need that in order to make an informed decision. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
Yes, but he does have a lot of wood to chop in this historic(ly) bad settlement he's promoting while he talks to his good friend Mr. Anker and apologizes for his webcam/laryngitis/late hour that he received the motions last night. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
She did make it clear that she would be ruling quickly and as the discovery proceeds she would be available to make VERY quick decisions when the parties can't agree on what's privileged. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
Do you mind sharing who told you this? I ask only because it of course isn't true as bankruptcy is practiced and it's important for all of us to know when we can where bad information may be coming from. I absolutely understand if you don't want to share it! -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
Yes...but NOT corrected and now the BSA is on the hook for an administrative charge in teh tens of millions if they tried to get out of teh Deal. So, they screwed up TWICE. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
Because they need friends. Because it lets the coalition crow about a historic trust amount when what's historic will be the low amount of awards. What the TCC wants is settlements but NOT what the coalition is willing to take. Remember...right now teh Coalition firms are already splitting 425 MILLION dollars.....anc ounting. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
I don't follow this argument. Consider the Survivors who DID have cases in court and those who were working tirelessly to change SOLs. A permanent injunction ELIMINATES those cases and imposes awards on Survivors that are pennies of what they would have gotten in court. Those awards....paid by the insurers. The same ones that will now rush to settle for pennies as The Hartford did. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
The BSA couldn't care less about the insurance companies as long as it has a "coalition" helping them out to accept insurance deals. Remember, the old saying is "you need friends in bankruptcy." The BSA's goal is to give away ALL insurance policies or settlements to a trust and move on. As far as the future, here's another reality, insurers LOVE companies post-bankruptcy because there's a clean slate and no surprises. So, there's no reason to think thatthe BSA has back romm deals going on. Their goal is to NEVER be a defendant for anything that happened in the past. That's the work of the Trust taking on the insurers. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
I want to say this with all due respect if you are a Survivor, and respect for your personal wishes. But, for many Survivors there is a realization that "moving on" isn't as easy as seeing this bankruptcy resolved for the BSA first and foremost. Remember, this is the BSA'S VOLUNTARY bankruptcy and Survivors were dragged into it. For many that had "good" claims working their way through the legal system this will forever deny them their day if a permanent injunction is granted. For those hoping for a change in SOL it also dashes thoses hopes. I TOTALLY understand any Survivor wanting resolution. But after waiting decades for most we ALL have to think about the day after a bankruptcy is resolved or a check comes in the mail. Then what? How much "moving on" will there be? I suspect that will be a fleeting feeling and there's teh great possibility that a horrible settlement will only amplify the feeling of being victimized, again. I respect the feelings f any Survivor who wants this over and completely understand why anyone in the BSA would feel that way. But for most Survivors the next step for "moving on" comes with NOT feeling like the only groups that benefitted were the professionals and BSA, at the unreasonable expense of the Survivors. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
I'm optimistic that this horrible settlement will go down in flames. But, as someone connected to this said to me the other day, "we all live in our own echo chambers." The folks on this forum are very well informed and I've been so impressed how open-minded all sides have been. My concern though is that a lot of Survivors are in the dark and now about to get some bad advice. I understand how some want this over with, I really do. But every Survivor needs to consider the "morning after." This is our ONE shot and most have waited decades. If it fails I hope the TCC can make good on its promise to be the side of "better." If it's accepted I hope Survivors will get some sense of resolution but I truly believe this plan will make many, from those in bad States to ESPECIALLY those in good States feel like they have become victims again. Hey let me end on an optimistic note. I'd like to officially request that the moderators create a forum on 12/15 for everyone to make their voting predictions so we can see whose prognostication skills are best! -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
Well, just about any group can petition to be a "mediation party" so their inclusion was SOP. Unfortunately 82,500 survivors are going to be the example of how mass tort bankruptcy has become a cottage industry for the legal and financial professions. I think the group that was screaming loudest regarding their muscling in and power was the Coalition. The judge has shown that she isn't buying it by already saying their fees would be thrown out of the current plan and she also cast doubt on a successful payment after plan approval unless the plan has widespread acceptance, Consider as well that in bankruptcy the old saying is "You need a friend" and the BSA found one in the Coalition since it was willing to accept the lowball Hartford deal AND little youth protection change AND a trustee that is hand picked by the coalition (who also control trust governance based upon its membership). The TCC has continued to represent Survivors and is clawing for every vote and educate Survivors. If the plan goes down it's a new ballgame and the TCC can say "You all had your shot at this....now it's time to cooperate." If the BSA wants to get out of Bankruptcy it'll listen. Bonus crystal-balling... A TCC plan will NEVER go out for a vote, The judge won't let it drag on that long. She'll send it to mediation with a message between 12/21 and a month later and if the parties can't agree she'll DISMISS the bankruptcy and tell the BSA "You had your shot at this voluntarily and couldn't pull it off. Lawsuit injunctions are over. Best of luck." And then....well...if the BSA really is the "melting ice cube" it said would melt last August, then this November, well....... -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
I don't remember if I said this in this forum or another, and I hope we merge soon, but it was embarassing. Rothweiler starts by crying about how he's working day and night? Where do I sign up for that and its payday? What really threw me though was this disconenct...he said at the beginning that they had 2,000 viewers. Okay, let's say we believe that. 2,000 of the 70,000 clients they represent? Not good. They then answered 19 questions in 45 minutes. The week before the TCC answered over 200 in an hour. So you tell me: 1. They weren't prepared to answer questions? 2. Their clients are so well informed they didn't have any questions? 3. The questions they got they didn't want to see the light of day so they didn't answer them? I'm not a Coalition client but I'm curious. I posted a question that they wouldn't see was positive to their cause and it never appeared because they didn't answer it. The whole performance wasn't pretty and if I was a Coalition client who asked a challenging question I'd be pissed. They'll be back Tuesday night and I hope for those clients' sake it goes better. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
Damn right. This is so amazingly token it's yet another example of the BSA setting a new low for the least it can do. ONE vote in a closed-door meeting. The fact that the Coalition was touting it shows they don't get it either. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
At the last Town Hall meeting the comment was made that the focus is on the current plan since THAT is what's being voted on. If I were the TCC I'd let that mess of a plan take a bit of a beating for a while before releasing all or parts of their plan. Stay down in the fox hole until the time is right to attack! That said, maybe some will be discussed Thiursday at the next Town Hall? -
Former Youth Protection Director on the dangers in Scouts BSA
MYCVAStory replied to MYCVAStory's topic in Issues & Politics
Don't know if you saw the last TCC Town Hall. Kennedy took the online YPT training and besides it saying that 25% of abuse is youth-on-youth, when the former head of Youth Protection who has seen the reports says it's actually 50%, he was allowed to take the test and get his YPT certificate without completing an entire module on bullying. I'm just tired of shaking my head over the constant breakdowns in youth protection. "$h*t happens" isn't good enough when it comes to the safety of the nation's youth. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
An interesting mention in the Coalition "Not ready for Prime Time Players" performance....Rothweiler going on about how the BSA will allow ONE Survivor to be on its Board and how historic that is. Seriously...ONE Survivor with a voice behind closed doors? He doesn't get it. The TCC at its meeting laid out that a BSA-controlled committee of short-term duration and no third-party oversight wasn't sufficient and the Coalition's response was basically "We'll let on Survivor take care of it." This for me really encapsulated this plan. It's all "a start" but certainly not enough. The BSA and Coalition are working hard to get this over with and like the dollar amount, doing the bare minimum. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
Last night they were allowed to suggest how Survivors should vote, and did...and their Zoom backgrounds for Kennedy and Humphrey included the TCC logo and in Red Caps VOTE NO. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
MYCVAStory replied to CynicalScouter's topic in Issues & Politics
Here's your chance to watch the Coalition's Town Hall...no idea if they'll take questions.... Coalition Meeting 1. Saturday, October 16, 2021 at 3:00 p.m. EDT / 12:00 p.m. PDT: Please click the link below to join the webinar: https://us06web.zoom.us/j/84832741950?pwd=V09rTVpHV1FsRE04OWczTThKYTVDQT09<https://us06web.zoom.us/j/84832741950?pwd=V09rTVpHV1FsRE04OWczTThKYTVDQT09> Passcode: 098865 Or One tap mobile : US: +13017158592,,84832741950#,,,,*098865# or +13126266799,,84832741950#,,,,*098865# Or Telephone: Dial(for higher quality, dial a number based on your current location): US: +1 301 715 8592 or +1 312 626 6799 or +1 929 436 2866 or +1 253 215 8782 or +1 346 248 7799 or +1 669 900 6833 Webinar ID: 848 3274 1950 Passcode: 098865 International numbers available: https://us06web.zoom.us/u/kbKllVCOn<https://us06web.zoom.us/u/kbKllVCOn>