Eagle1993 Posted July 2, 2021 Author Share Posted July 2, 2021 12 minutes ago, CynicalScouter said: Regarding Hartford: BSA wants out of the deal, but if the judge decides to require the Hartford deal (because BSA signed that deal) is part of the settlement, then the RSA falls apart. RSA says LCs are paying $500 million. The TCC Zoom says $600 million. Each LC was given a $ amount. My guess is that if 100% of LCs sign on it will be well north of $500M. The $500M is the minimum number (probably assuming x% decline). TCC may know which LCs have already said yes. Link to comment Share on other sites More sharing options...
Eagle1993 Posted July 2, 2021 Author Share Posted July 2, 2021 1 minute ago, Eagle1993 said: Each LC was given a $ amount. My guess is that if 100% of LCs sign on it will be well north of $500M. The $500M is the minimum number (probably assuming x% decline). TCC may know which LCs have already said yes. I expect nearly 100% accept, so I wouldn’t be surprised if that $600M is closer to the final actual number. The limited rumors I have heard (probably fourth hand) is that the LC yes/no to the settlement is along the lines “BSA is going to make them an offer they can’t refuse.” Yes, a LC can refuse the offer, but good luck to the SE or that council in the future. Perhaps it isn’t that bad, but the pressure is definitely on. Link to comment Share on other sites More sharing options...
Eagle1993 Posted July 2, 2021 Author Share Posted July 2, 2021 30 minutes ago, CynicalScouter said: Regarding Hartford: BSA wants out of the deal, but if the judge decides to require the Hartford deal (because BSA signed that deal) is part of the settlement, then the RSA falls apart. RSA says LCs are paying $500 million. The TCC Zoom says $600 million. Actually LCs did increase as they are taking in a $100M note. (iii) a $100 million interest-bearing variable-payment obligation note (the “DST Note”) issued by a Delaware statutory trust on as soon as practicable after the Effective Date. Link to comment Share on other sites More sharing options...
Bronco1821 Posted July 2, 2021 Share Posted July 2, 2021 I am having trouble finding the table that they reference tonight regarding the different states statutes of limitations. They said all the states were grouped into 5 tiers. Best to worst. I can’t seem to find that table...any help? Link to comment Share on other sites More sharing options...
MYCVAStory Posted July 2, 2021 Share Posted July 2, 2021 1 hour ago, CynicalScouter said: THIS is the Cleary-type reporting I was hoping for. Annual data on how often BSA is failing at protecting youth. Yes, this has been the stated goal of the TCC since the beginning. Going forward, transparency for the public AND publication of those who are a danger to the community. 1 hour ago, CynicalScouter said: Regarding Hartford: BSA wants out of the deal, but if the judge decides to require the Hartford deal (because BSA signed that deal) is part of the settlement, then the RSA falls apart. RSA says LCs are paying $500 million. The TCC Zoom says $600 million. Plus 100 mil promissory note. Link to comment Share on other sites More sharing options...
MYCVAStory Posted July 2, 2021 Share Posted July 2, 2021 17 minutes ago, Bronco1821 said: I am having trouble finding the table that they reference tonight regarding the different states statutes of limitations. They said all the states were grouped into 5 tiers. Best to worst. I can’t seem to find that table...any help? All docs to be linked via TCCBSA.COM for those who don't want to deal with the Omni site. Link to comment Share on other sites More sharing options...
CynicalScouter Posted July 2, 2021 Share Posted July 2, 2021 Schedule 1 Mitigating Scaling Factor Ranges for Statues of Limitation or Repose as Mitigating Scaling Factors By State Legend Tier Scaling Factor Open 1.0 Gray 1 .50-.70 Gray 2 .30-.45 Gray 3 .10-.25 Closed .01-.10 State Tier Alabama Closed Kansas Closed Oklahoma Closed Puerto Rico Closed South Dakota Closed Utah Closed Wyoming Closed ZZ / Federal Closed Connecticut Gray 1 DC Gray 1 Delaware Gray 1 Georgia Gray 1 Illinois Gray 1 Massachusetts Gray 1 New Mexico Gray 1 Oregon Gray 1 Pennsylvania Gray 1 Washington Gray 1 Iowa Gray 2 Minnesota Gray 2 New Hampshire Gray 2 North Dakota Gray 2 Ohio Gray 2 South Carolina Gray 2 Tennessee Gray 2 West Virginia Gray 2 Alaska Gray 3 Florida Gray 3 Idaho Gray 3 Indiana Gray 3 Kentucky Gray 3 Maryland Gray 3 Michigan Gray 3 Mississippi Gray 3 Missouri Gray 3 Nebraska Gray 3 Nevada Gray 3 Rhode Island Gray 3 Texas Gray 3 Virgin Islands Gray 3 Virginia Gray 3 Wisconsin Gray 3 Arizona Open Arkansas Open California Open Colorado Open Guam Open Hawaii Open Louisiana Open Maine Open Montana Open New Jersey Open New York Open North Carolina Open Vermont Open 1 Link to comment Share on other sites More sharing options...
ThenNow Posted July 2, 2021 Share Posted July 2, 2021 17 minutes ago, CynicalScouter said: Tier Scaling Factor Open 1.0 Gray 1 .50-.70 Gray 2 .30-.45 Gray 3 .10-.25 Closed .01-.10 So, a CSA claimant who suffered abuse in a Gray 1, Gray 2 and Gray 3 state has a potential multiplier of 1.4. Sweet. I’m in the money. Put me in a new tier above Open, please. 1 1 Link to comment Share on other sites More sharing options...
Rabid Posted July 2, 2021 Share Posted July 2, 2021 Texas has no statute of limitations for sexual abuse of a minor. How is it that they are ‘Gray 3’? Link to comment Share on other sites More sharing options...
MYCVAStory Posted July 2, 2021 Share Posted July 2, 2021 49 minutes ago, Rabid said: Texas has no statute of limitations for sexual abuse of a minor. How is it that they are ‘Gray 3’? That's for criminal prosecution. Civil isn't the same. Here's a great tracker from the Childusa site: https://childusa.org/wp-content/uploads/2021/01/2021-SOL-Tracker.pdf 1 Link to comment Share on other sites More sharing options...
mrjohns2 Posted July 2, 2021 Share Posted July 2, 2021 4 hours ago, CynicalScouter said: THIS is the Cleary-type reporting I was hoping for. Annual data on how often BSA is failing at protecting youth. This is key to improvements. Very important data that, when made public, will require the BSA to make changes. Link to comment Share on other sites More sharing options...
Eagle1993 Posted July 2, 2021 Author Share Posted July 2, 2021 I found this interesting... Quote The Indemnification by Settlement Trust provisions set forth in Article IV.I of the June 18 Plan shall be deleted and restated to provide that from and after the Effective Date, the Settlement Trust shall reimburse, to the fullest extent permitted by applicable law, Reorganized BSA and each of the Local Councils for any documented out-of-pocket, losses, costs, and expenses (including, without limitation, judgments, attorney’s fees and expenses) incurred by Reorganized BSA or any Local Council after the Effective Date attributable to the defense of an Abuse Claim that is channeled to the Settlement Trust if the holder of such Abuse Claim seeks to hold Reorganized BSA or such Local Council liable for such Abuse Claim in violation of the Confirmation Order, as set forth in the Term Sheet. So, the way I read this, if any local council or organized BSA is sued by a claimant, the trust will be responsible to cover the costs and losses of the LC/BSA. Link to comment Share on other sites More sharing options...
SilverPalm Posted July 2, 2021 Share Posted July 2, 2021 News outlets are reporting that a settlement has been reached after last night's announcement. Is that true? Has this $850M plan already been accepted? Link to comment Share on other sites More sharing options...
johnsch322 Posted July 2, 2021 Share Posted July 2, 2021 24 minutes ago, Eagle1993 said: I found this interesting... So, the way I read this, if any local council or organized BSA is sued by a claimant, the trust will be responsible to cover the costs and losses of the LC/BSA. They would also need the trustee to allow them to sue BSA/LC. 1 Link to comment Share on other sites More sharing options...
CynicalScouter Posted July 2, 2021 Share Posted July 2, 2021 3 minutes ago, SilverPalm said: News outlets are reporting that a settlement has been reached after last night's announcement. Is that true? Has this $850M plan already been accepted? Subject to approval by the court and a vote by the victims. There's a lot of field left to plow, but it is on the path towards a settlement. 2 2 Link to comment Share on other sites More sharing options...
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