ThenNow Posted March 17, 2021 Share Posted March 17, 2021 Q: Are there any LCs that have zero claims? Link to comment Share on other sites More sharing options...
CynicalScouter Posted March 17, 2021 Share Posted March 17, 2021 6 minutes ago, ThenNow said: Q: Are there any LCs that have zero claims? It really doesn't look like it. Councils listed in Summary of Sexual Abuse Claims in Chapter 11 Cases of Boy Scouts of America ABRAHAM LINCOLN ALABAMA‐FLORIDA ALAMO AREA ALLEGHENY HIGHLANDS ALOHA ANDREW JACKSON ANTHONY WAYNE AREA ARBUCKLE AREA ATLANTA AREA BADEN POWELL BALTIMORE AREA BAY AREA BAY‐LAKES BLACK HILLS AREA BLACK SWAMP AREA BLACK WARRIOR BLACKHAWK BLACKHAWK AREA BLUE GRASS BLUE MOUNTAIN BLUE RIDGE BLUE RIDGE MOUNTAINS BUCKEYE BUCKSKIN BUCKTAIL BUFFALO TRACE BUFFALO TRAIL CADDO AREA CALCASIEU CALIFORNIA INLAND EMPIRE CAPE COD & ISLANDS CAPE FEAR CAPITOL AREA CASCADE PACIFIC CATALINA CENTRAL ESCARPMENT CENTRAL FLORIDA CENTRAL GEORGIA CENTRAL MINNESOTA CENTRAL NEW JERSEY CENTRAL NORTH CAROLINA CHATTAHOOCHEE CHEROKEE AREA 469 CHEROKEE AREA 556 CHESTER COUNTY CHICKASAW CHIEF CORNPLANTER CHIEF SEATTLE CHIPPEWA VALLEY CHOCTAW AREA CIMARRON CIRCLE TEN COASTAL CAROLINA COASTAL GEORGIA COLONIAL VIRGINIA COLUMBIA‐MONTOUR CONNECTICUT RIVERS CONNECTICUT YANKEE CONQUISTADOR CORNHUSKER CORONADO AREA CRADLE OF LIBERTY CRATER LAKE COUNCIL CROSSROADS OF AMERICA CROSSROADS OF THE WEST DAN BEARD DANIEL BOONE DANIEL WEBSTER DE SOTO AREA DEL‐MAR‐VA DENVER AREA DIRECT SERVICE EAST CAROLINA EAST TEXAS AREA ERIE SHORES EVANGELINE AREA FAR EAST FIVE RIVERS FLINT RIVER FRENCH CREEK GAMEHAVEN GARDEN STATE GATEWAY AREA GEORGIA‐CAROLINA GLACIER'S EDGE GOLDEN EMPIRE GOLDEN GATE AREA GOLDEN SPREAD GRAND CANYON GRAND COLUMBIA GRAND TETON GREAT ALASKA GREAT RIVERS GREAT SMOKY MOUNTAIN GREAT SOUTHWEST GREAT TRAIL GREAT TRIAL GREATER ALABAMA GREATER LOS ANGELES GREATER NEW YORK GREATER NIAGARA FRONTIER GREATER ST. LOUIS AREA GREATER TAMPA BAY AREA GREATER TORONTO GREATER WYOMING GREATER YOSEMITE GREEN MOUNTAIN GREENWICH GULF COAST GULF STREAM HAWK MOUNTAIN HAWKEYE AREA HEART OF AMERICA HEART OF NEW ENGLAND HEART OF VIRGINIA HOOSIER TRAILS HOUSATONIC HUDSON VALLEY ILLOWA INDIAN NATIONS INDIAN WATERS INLAND NORTHWEST IROQUOIS TRAIL ISTROUMA AREA JAYHAWK AREA JERSEY SHORE JUNIATA VALLEY KATAHDIN AREA LAKE ERIE LAS VEGAS AREA LASALLE LAST FRONTIER LAUREL HIGHLANDS LEATHERSTOCKING LINCOLN HERITAGE LONG BEACH AREA LONGHORN LONGHOUSE LONGS PEAK COUNCIL LOS PADRES LOUISIANA PURCHASE MARIN MASON‐DIXON MASSUA COUNTY MAYFLOWER MECKLENBURG COUNTY MIAMI VALLEY MICHIGAN CROSSROADS MID‐AMERICA MIDDLE TENNESSEE MID‐IOWA MIDNIGHT SUN MINSI TRAILS MISSISSIPPI VALLEY MOBILE AREA MONMOUTH MONTANA MORAINE TRAILS MOUNT BAKER MOUNTAIN WEST MOUNTAINEER AREA MUSKINGUM VALLEY NARRAGANSETT NATIONAL CAPITAL AREA NEVADA AREA NEW BIRTH OF FREEDOM NORTH FLORIDA NORTHEAST GEORGIA NORTHEAST ILLINOIS NORTHEAST IOWA COUNCIL NORTHEASTERN PENNSYLVANIA NORTHERN LIGHTS NORTHERN NEW JERSEY NORTHERN STAR NORTHWEST GEORGIA NORTHWEST TEXAS NORWELA OCCONEECHEE OHIO RIVER VALLEY OLD HICKORY OLD NORTH STATE ORANGE COUNTY OREGON TRAIL OVERLAND TRAILS OZARK TRAILS PACIFIC HARBORS PACIFIC SKYLINE PALMETTO PATHWAY TO ADVENTURE PATRIOTS' PATH PEE DEE AREA PENNSYLVANIA DUTCH PIEDMONT 042 PIEDMONT 420 PIKES PEAK PINE BURR AREA PINE TREE PONY EXPRESS POTAWATOMI AREA PRAIRIELANDS PUERTO RICO PUSHMATAHA AREA QUAPAW AREA QUIVIRA RAINBOW REDWOOD EMPIRE RIO GRANDE RIP VAN WINKLE ROCKY MOUNTAIN SAGAMORE SAM HOUSTON AREA SAMOSET COUNCIL SAN DIEGO ‐ IMPERIAL COUNCIL SANTA FE TRAIL SENECA WATERWAYS SEQUOIA SEQUOYAH SHENANDOAH AREA SILICON VALLEY MONTEREY BAY SIMON KENTON SIOUX SOUTH FLORIDA COUNCIL SOUTH GEORGIA SOUTH PLAINS SOUTH TEXAS SOUTHEAST LOUISIANA SOUTHERN SIERRA SOUTHWEST FLORIDA SPIRIT OF ADVENTURE SUFFOLK COUNTY SUSQUEHANNA SUWANNEE RIVER AREA TECUMSEH TEXAS SOUTHWEST TEXAS TRAILS THEODORE ROOSEVELT THREE FIRES THREE HARBORS THREE RIVERS TIDEWATER TRANSATLANTIC TUKABATCHEE AREA TUSCARORA TWIN RIVERS TWIN VALLEY VENTURA COUNTY VERDUGO HILLS VIRGINIA HEADWATERS VOYAGEURS AREA W.D. BOYCE WASHINGTON CROSSING WEST TENNESSEE AREA WESTARK AREA WESTCHESTER‐PUTNAM WESTERN LOS ANGELES COUNTY WESTERN MASSACHUSETTS WESTMORELAND‐FAYETTE WINNEBAGO YOCONA AREA YUCCA Link to comment Share on other sites More sharing options...
ThenNow Posted March 18, 2021 Share Posted March 18, 2021 Huh. Not a single one. Given the aggregate total, I suppose I shouldn’t be surprised. I kind of am, though. Link to comment Share on other sites More sharing options...
RememberSchiff Posted March 18, 2021 Share Posted March 18, 2021 Washington Post headline: Frustrated judge tells BSA bankruptcy lawyers to work harder Likely Result: More billable hours to BSA. 1 Link to comment Share on other sites More sharing options...
ParkMan Posted March 18, 2021 Share Posted March 18, 2021 This seemed a promising quote from the judge: Quote “I don’t want to hear that someone decided it was inconvenient or they couldn’t show,” Silverstein added, noting that professional and attorney fees in the bankruptcy case have already cost the Boy Scouts more than $100 million. “I think that is a staggering number, and progress needs to be made,” the judge said. “Victims need to be compensated appropriately, and the Boy Scouts’ mission needs to continue.... Every dollar to professional fees is a dollar that comes out of some creditor’s pocket.” I know I'm looking for a silver lining, but this was promising. "the Boy Scouts' mission needs to continue". Sounds like liquidation isn't an end she favors. Link to comment Share on other sites More sharing options...
CynicalScouter Posted March 18, 2021 Share Posted March 18, 2021 19 minutes ago, ParkMan said: I know I'm looking for a silver lining, but this was promising. "the Boy Scouts' mission needs to continue". Sounds like liquidation isn't an end she favors. Right, the judge has been clear she wants a BSA to emerge. My concern this whole time has been that won't happen because of a) inability to get 66% of abuse claimants to agree to a plan and b) Kosnoff driving for liquidation and c) Local Councils not willing to cough up the money needed to get to a settlement. In other words, it may be that MOST parties involved (other than the Kosnoff team) want to see the Boy Scouts mission continue, but no one can agree on a way forward, so it dies anyway. 1 Link to comment Share on other sites More sharing options...
ParkMan Posted March 18, 2021 Share Posted March 18, 2021 36 minutes ago, CynicalScouter said: Right, the judge has been clear she wants a BSA to emerge. My concern this whole time has been that won't happen because of a) inability to get 66% of abuse claimants to agree to a plan and b) Kosnoff driving for liquidation and c) Local Councils not willing to cough up the money needed to get to a settlement. In other words, it may be that MOST parties involved (other than the Kosnoff team) want to see the Boy Scouts mission continue, but no one can agree on a way forward, so it dies anyway. Is that when she might entertain a cramdown approach? Would she not be able to let BSA national complete a chapter 11 bankruptcy and declare the amount they have to pay to creditors? To her point, if she did focus on the 100 million in legal fees the BSA has already paid, she may be getting frustrated with the insurance companies and lawyers for the claimants. From my amateur viewpoint, that would seem a scenario where a judge might impose a settlement. Link to comment Share on other sites More sharing options...
Eagle1993 Posted March 18, 2021 Share Posted March 18, 2021 https://www.wsj.com/articles/local-boy-scouts-councils-agree-to-cooperate-on-abuse-victims-probe-11616017053 "Under a pact approved Wednesday in the U.S. Bankruptcy Court in Wilmington, Del., lawsuits can be filed against the local councils that hold the bulk of the Boy Scouts wealth, but the litigation won’t progress until mid-July. The trade off is that survivors’ lawyers will receive detailed roster data needed to identify local councils and other organizations that chartered individual troops where the sexual abuse took place." Link to comment Share on other sites More sharing options...
CynicalScouter Posted March 18, 2021 Share Posted March 18, 2021 1 minute ago, Eagle1993 said: "Under a pact approved Wednesday in the U.S. Bankruptcy Court in Wilmington, Del., lawsuits can be filed against the local councils that hold the bulk of the Boy Scouts wealth, but the litigation won’t progress until mid-July. The trade off is that survivors’ lawyers will receive detailed roster data needed to identify local councils and other organizations that chartered individual troops where the sexual abuse took place." To quote from Peter Gabriel, Lord, here comes the flood. Link to comment Share on other sites More sharing options...
CynicalScouter Posted March 18, 2021 Share Posted March 18, 2021 So, this is interesting MOTION OF THE FUTURE CLAIMANTS’ REPRESENTATIVE, THE OFFICIAL COMMITTEE OF TORT CLAIMANTS, AND THE COALITION OF ABUSED SCOUTS FOR JUSTICE FOR ENTRY OF AN ORDER, PURSUANT TO 28 U.S.C. § 157(d) AND BANKRUPTCY RULE 5011(a), WITHDRAWING THE REFERENCE OF PROCEEDINGS INVOLVING THE ESTIMATION OF PERSONAL INJURY CLAIMS This, as I interpret it, this is the official Motion to shove the Estimation process down (over?) to District Court. Link to comment Share on other sites More sharing options...
ThenNow Posted March 18, 2021 Share Posted March 18, 2021 16 minutes ago, CynicalScouter said: This, as I interpret it, this is the official Motion to shove the Estimation process down (over?) to District Court. Appears to be: " By this Motion, the Movants respectfully ask that the reference be withdrawn so that estimation can proceed in the District Court, as we believe it must. Here, the estimation will bear the hallmarks of a “trial”: The parties will take fact discovery, offer experts, call witnesses, and try to judgment the aggregate value of the Abuse Claims. The District Court may well make case-dispositive legal rulings, and the estimation will culminate in a binding judgment setting a de facto cap on the value of Abuse Claims for distribution purposes. See supra at 8-9. Estimation of these personal injury claims therefore must proceed in the District Court. Link to comment Share on other sites More sharing options...
fred8033 Posted March 18, 2021 Share Posted March 18, 2021 2 hours ago, Eagle1993 said: Anybody watching the zoom of the Chapter 11 hearing today? Any punches thrown? Just heard that there was an exchange that $100M has been spent on lawyers to date and $150M will be spent by August. Judge called it "staggering". So $250 MILLION on lawyer fees by August? Say settlement of $500m or even $1B (insurance, etc). It is possible that law firms will get more money than victims. $250M + 25%/30% of award + (legal fees after August ??)... 50/50 split would be about a $500M award. $1B award would be about a 60/40 split (victims/law firms). This is just completely ugly. Link to comment Share on other sites More sharing options...
fred8033 Posted March 18, 2021 Share Posted March 18, 2021 6 hours ago, CynicalScouter said: It really doesn't look like it. Councils listed in Summary of Sexual Abuse Claims in Chapter 11 Cases of Boy Scouts of America That's in the BSA case. Does it address state specific SOLs? Does it address cases that local councils already resolved via previous settlement? It is fair to say ... the BSA list is a fishing expedition. It's naive to think any council did not experience abuse cases. Just as it's naive to think that any school district or other large organization with youth did not experience abuse cases. Link to comment Share on other sites More sharing options...
ThenNow Posted March 18, 2021 Share Posted March 18, 2021 2 hours ago, fred8033 said: So $250 MILLION on lawyer fees by August? I believe the estimate is that a total of $150M in fees will be spent through July. $10M per month'ish. (Just saved $100M. Now, they have plenty of money and time to burn it. Jk.) Link to comment Share on other sites More sharing options...
ThenNow Posted March 18, 2021 Share Posted March 18, 2021 2 hours ago, fred8033 said: It's naive to think any council did not experience abuse cases. I suppose. I would love to analyze the data to discover if there are discernible pockets where abuse did not occur (Troops, towns, etc.) and see what can be learned from the patterns that emerge, if any. Link to comment Share on other sites More sharing options...
Recommended Posts