Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD

[CynicalScouter]

Plan 5.0 https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/010161cd-594e-4b9e-8c88-a7402b49cf4d_6212.pdf

Disclosure statement for Plan 5.0 https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/1a12ff15-6275-4111-af0d-7c683fdd59f2_6213.pdf

COs are covered for abuse that took place AFTER 1975

Quote

On the Effective Date of the Plan, the Settlement Trust shall assume the liabilities,
obligations, and responsibilities, financial or otherwise, of (a) the Protected Parties for all Abuse
Claims and (b) the Limited Protected Parties for all Post-1975 Chartered Organization Abuse
Claims. Holders of Abuse Claims that are not Post-1975 Chartered Organization Abuse Claims
shall maintain the right to assert such Abuse Claims against any Limited Protected Party (unless
such Chartered Organization becomes a Contributing Chartered Organization). Likewise, any
Chartered Organization that decides not to become a Participating Chartered Organization or
Contributing Chartered Organization will not benefit from the Channeling Injunction in any
manner and will retain its respective insurance rights and liabilities with respect to Abuse Claims.

 

Edited September 15, 2021 by CynicalScouter

[Eagle1993]

Exhibit C of Disclosure has every LC’s contribution listed.  

[CynicalScouter]

Total value of Plan 5.0 is $1.88 billion and we now know what Hartford is bringing and LDS, so we can try and project some numbers.

In short, BSA's going to get its valuation of abuse claims as  $2.4 billion – $7.1 billion.

The Chartered Organizations now know what the price is to get out of liability:

The LDS payout at $250 million is a game changer. LDS has 2,430 known claims against it. As Kosnoff pointed out, over half of claims filed do NOT list the CO, so let's double that to 5000.

• $250 million/2500 claims = $100,000
• $250 million/5000 claims = $50,000

For other organizations like the Methodists and others, this is huge. I tried in August to estimate how much the organizations would have to pay based on what Local Councils were paying per claim ($7,000-$14,000). Now we have some more solid numbers from LDS.

Now we can try and do the math again

Unique and Timely Abuse Claim Count* by Top-20 Most Common Chartered Organizations

Chartered Organization Group	Unique & Timely Abuse Claim Count**
METHODIST CHURCH	3,760
BAPTIST CHURCH	3,157
CATHOLIC CHURCH	3,131
CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS	2,430
PRESBYTERIAN CHURCH	1,611
LUTHERAN CHURCH	1,416
ARMED FORCES***	607
EPISCOPAL CHURCH	557
AMERICAN LEGION	477
YMCA	435
VFW	369
SALVATION ARMY	242
ELKS LODGE	222
LIONS CLUB	199
BOYS AND GIRLS CLUBS	195
KNIGHTS OF COLUMBUS	157
BOYS CLUB	129
KIWANIS CLUB	108
ROTARY CLUB	88
MOOSE LODGE	75
OTHER	20,985
UNKNOWN	36,496
MISSING	5,740
Total	82,586

Methodists: $376,000,000 - $188,000,000

Catholics Church: $313,100,000 - $156,550,000

Etc.

TOTAL contributions from ALL COs (82,500) are now in the $4.15 - $8.3 billion range, if the LDS numbers are carried over.

Now, not all COs have the same assets as LDS, just like some councils will not be paying $7k per claim. But we now have a set point for how this may shake out.

Edited September 15, 2021 by CynicalScouter

[CynicalScouter]

19 minutes ago, Eagle1993 said:

Exhibit C of Disclosure has every LC’s contribution listed.  

 

Local Council  Number	Local Council Name	Total  Contribution	Cash Contribution	Property  Contribution
1	Greater Alabama	3,685,328	2,364,428	1,320,900
3	AlabamaFlorida	114,311	114,311	-
4	Mobile Area	34,897	34,897	-
5	Tukabatchee Area	832,901	459,151	373,750
6	Black Warrior	767,974	687,974	80,000
10	Grand Canyon	7,007,972	2,366,672	4,641,300
11	Catalina	1,080,484	1,049,521	30,963
13	De Soto Area	130,903	130,903	-
16	Westark Area	942,308	942,308	-
18	Quapaw Area	4,616,045	4,616,045	-
23	Golden Gate Area	8,000,000	8,000,000	-
27	Sequoia	567,536	497,036	70,500
30	Southern Sierra	148,908	122,997	25,911
31	Pacific Skyline	2,905,055	2,905,055	-
32	Long Beach Area	4,262,425	2,042,425	2,220,000
33	Greater Los Angeles Area	8,000,000	5,300,000	2,700,000
35	Marin	1,030,344	1,030,344	-
39	Orange County	13,008,500	-	13,008,500
41	Redwood Empire	197,221	197,221	-
42	Piedmont	541,098	541,098	-
45	California Inland Empire	1,154,569	1,154,569	-
47	Golden Empire	1,320,000	1,320,000	-
49	San DiegoImperial	2,661,800	-	2,661,800
51	Western Los Angeles County	1,250,000	975,000	275,000
53	Los Padres	1,834,155	634,155	1,200,000
55	Silicon Valley Monterey Bay	10,000,000	7,570,000	2,430,000
57	Ventura County	325,018	325,018	-
58	Verdugo Hills	973,434	973,434	-
59	Greater Yosemite	2,200,000	-	2,200,000
60	Pikes Peak	1,718,941	1,718,941	-
61	Denver Area	6,000,000	-	6,000,000
62	Longs Peak	2,936,807	2,936,807	-
63	Rocky Mountain	11,492	11,492	-
66	Connecticut Rivers	4,083,054	4,083,054	-
67	Greenwich	802,477	802,477	-
69	Housatonic	235,901	235,901	-
70	Old North State	4,767,600	341,969	4,425,631
72	Connecticut Yankee	2,581,836	1,131,836	1,450,000
81	DelMarVa	2,241,287	2,241,287	-
82	National Capital Area	8,000,000	4,804,000	3,196,000
83	Central Florida	1,224,354	1,224,354	-
84	South Florida	3,163,180	3,163,180	-
85	Gulf Stream	1,170,000	-	1,170,000
87	North Florida	5,284,701	5,284,701	-
88	Southwest Florida	2,121,962	2,121,962	-
89	Greater Tampa Bay Area	6,052,120	1,052,120	5,000,000
91	Chattahoochee	937,997	937,997	-
92	Atlanta Area	8,000,000	8,000,000	-
93	GeorgiaCarolina	326,070	326,070	-
95	Flint River	766,174	766,174	-
96	Central Georgia	299,458	299,458	-
98	South Georgia	436,247	436,247	-
99	Coastal Georgia	2,584,395	2,584,395	-
100	Northwest Georgia	802,019	553,949	248,070
101	Northeast Georgia	2,138,766	1,947,991	190,775
104	Aloha	1,338,358	1,338,358	-
106	Mountain West	2,020,156	2,020,156	-
107	Grand Teton	1,091,207	1,091,207	-
117	Prairielands	467,331	467,331	-
127	Three Fires	1,601,000	1,601,000	-
129	Northeast Illinois	2,190,574	2,190,574	-
133	Illowa	783,586	783,586	-
138	W.D. Boyce	1,045,115	1,045,115	-
141	Mississippi Valley	989,191	989,191	-
144	Abraham Lincoln	1,568,064	1,192,064	376,000
145	Hoosier Trails	757,931	757,931	-
156	Buffalo Trace	553,341	481,841	71,500
157	Anthony Wayne Area	1,309,804	1,309,804	-
160	Crossroads of America	4,321,870	4,321,870	-
162	Sagamore	1,149,115	1,149,115	-
165	LaSalle	1,319,467	654,467	665,000
172	Hawkeye Area	446,691	446,691	-
173	Winnebago	723,157	723,157	-
177	MidIowa	2,502,671	2,502,671	-
178	Northeast Iowa	678,374	678,374	-
192	Coronado Area	856,886	856,886	-
194	Santa Fe Trail	203,382	203,382	-
197	Jayhawk Area	345,573	295,573	50,000
198	Quivira	975,000	-	975,000
204	Blue Grass	110,356	110,356	-
205	Lincoln Heritage	3,632,563	3,632,563	-
209	Calcasieu Area	442,315	442,315	-
211	Istrouma Area	680,000	-	680,000
212	Evangeline Area	167,830	167,830	-
213	Louisiana Purchase	1,167,454	1,167,454	-
214	Southeast Louisiana	1,877,632	577,632	1,300,000
215	Norwela	2,936,807	2,936,807	-
216	Katahdin Area	275,157	16,357	258,800
218	Pine Tree	904,025	904,025	-
220	Baltimore Area	4,317,564	4,317,564	-
221	MasonDixon	345,990	345,990	-
224	Cape Cod and Islands	844,020	844,020	-
227	Spirit of Adventure	3,840,767	2,338,442	1,502,325
230	Heart of New England	1,406,503	1,406,503	-
234	Western Massachusetts	664,939	664,939	-
250	Northern Star	7,223,055	6,537,055	686,000
251	Mayflower	5,035,539	5,035,539	-
283	Twin Valley	783,963	783,963	-
286	Voyageurs Area	510,201	510,201	-
296	Central Minnesota	276,941	276,941	-
299	Gamehaven	321,630	330	321,300
302	Choctaw Area	519,164	519,164	-
303	Andrew Jackson	1,512,001	955,001	557,000
304	Pine Burr Area	330,068	330,068	-
306	Ozark Trails	2,241,929	1,326,929	915,000
307	Heart of America	6,971,313	3,971,313	3,000,000
311	Pony Express	1,015,000	615,000	400,000
312	Greater St. Louis Area	7,986,838	7,986,838	-
315	Montana	3,181,676	3,181,676	-
322	Overland Trails	468,988	468,988	-
324	Cornhusker	356,000	356,000	-
326	MidAmerica	4,280,708	4,280,708	-
328	Las Vegas Area	3,385,736	3,250,736	135,000
329	Nevada Area	2,506,435	2,506,435	-
330	Daniel Webster	3,525,762	1,600,762	1,925,000
333	Northern New Jersey	3,064,566	3,064,566	-
341	Jersey Shore	386,141	386,141	-
347	Monmouth	3,170,811	1,990,811	1,180,000
358	Patriots' Path	3,704,240	1,804,199	1,900,041
364	Twin Rivers	2,595,200	2,046,700	548,500
368	BadenPowell	1,371,787	1,371,787	-
373	Longhouse	840,707	-	840,707
375	Five Rivers	831,968	21,968	810,000
376	Iroquois Trail	342,546	117,546	225,000
380	Greater Niagara Frontier	1,537,485	-	1,537,485
382	Allegheny Highlands	899,358	333,992	565,366
386	Theodore Roosevelt	3,989,485	3,989,485	-
388	Greater Hudson Valley	6,367,835	6,367,835	-
397	Seneca Waterways	8,000,000	8,000,000	-
400	Leatherstocking	4,493,457	1,093,457	3,400,000
404	Suffolk County	1,717,800	1,717,800	-
405	Rip Van Winkle	240,016	240,016	-
412	Great Southwest	116,570	116,570	-
413	Conquistador	1,950,432	1,948,098	2,334
414	Daniel Boone	656,424	656,424	-
415	Mecklenburg County	2,920,183	2,920,183	-
416	Central North Carolina	1,840,659	1,400,000	440,659
420	Piedmont	2,785,859	2,785,859	-
421	Occoneechee	1,946,429	1,013,429	933,000
424	Tuscarora	858,650	858,650	-
425	Cape Fear	1,044,895	126,895	918,000
426	East Carolina	1,940,873	1,045,873	895,000
427	Old Hickory	1,084,223	1,084,223	-
429	Northern Lights	1,915,148	1,915,148	-
433	Great Trail	3,059,259	3,059,259	-
436	Buckeye	2,614,529	1,945,529	669,000
438	Dan Beard	4,064,829	4,064,829	-
439	Tecumseh	653,395	493,395	160,000
440	Lake Erie	6,546,918	6,546,918	-
441	Simon Kenton	2,659,872	2,416,872	243,000
444	Miami Valley	1,255,126	-	1,255,126
449	Black Swamp Area	1,681,202	1,681,202	-
456	Pathway to Adventure	7,225,067	7,225,067	-
460	Erie Shores	4,161,154	4,161,154	-
467	Muskingum Valley	513,391	513,391	-
468	Arbuckle Area	572,866	572,866	-
469	Cherokee Area	315,366	315,366	-
474	Cimarron	282,652	282,652	-
480	Last Frontier	3,646,048	3,646,048	-
488	Indian Nations	2,637,142	1,972,142	665,000
491	Crater Lake	320,470	55,470	265,000
492	Cascade Pacific	10,000,000	10,000,000	-
497	Juniata Valley	421,504	421,504	-
500	Moraine Trails	1,196,485	204,485	992,000
501	Northeastern Pennsylvania	687,262	687,262	-
502	Minsi Trails	2,580,916	2,580,916	-
504	ColumbiaMontour	260,931	260,931	-
509	Bucktail	260,931	260,931	-
512	WestmorelandFayette	1,367,518	1,083,676	283,842
524	Pennsylvania Dutch	1,054,371	1,054,371	-
525	Cradle of Liberty	6,806,713	376,313	6,430,400
527	Laurel Highlands	5,972,147	5,972,147	-
528	Hawk Mountain	1,636,124	1,636,124	-
532	French Creek	699,673	699,673	-
533	Susquehanna	453,846	453,846	-
538	Chief Cornplanter	260,931	260,931	-
539	Chester County	1,559,680	1,559,680	-
544	New Birth of Freedom	2,713,971	2,713,971	-
546	Narragansett	6,440,530	6,440,530	-
549	Palmetto	165,998	165,998	-
550	Coastal Carolina	216,987	141,987	75,000
551	Blue Ridge	1,058,966	-	1,058,966
552	Pee Dee Area	889,440	264,440	625,000
553	Indian Waters	556,559	556,559	-
556	Cherokee Area	1,180,000	-	1,180,000
557	Great Smoky Mountain	1,193,687	1,088,687	105,000
558	Chickasaw	2,045,752	2,045,752	-
559	West Tennessee Area	140,520	-	140,520
560	Middle Tennessee	3,586,493	3,586,493	-
561	Texas Trails	627,654	627,654	-
562	Golden Spread	2,133,734	2,133,734	-
564	Capitol Area	4,196,142	4,196,142	-
567	Buffalo Trail	1,148,568	-	1,148,568
571	Circle Ten	7,989,824	7,989,824	-
573	Yucca	684,194	684,194	-
574	Bay Area	1,019,611	1,019,611	-
576	Sam Houston Area	7,968,144	7,968,144	-
577	South Texas	372,925	372,925	-
578	Three Rivers	802,596	802,596	-
583	Alamo Area	4,241,105	2,441,105	1,800,000
584	Caddo Area	506,208	506,208	-
585	East Texas Area	1,505,910	1,505,910	-
587	Northwest Texas	529,586	529,586	-
590	Crossroads of the West	4,413,897	3,082,897	1,331,000
592	Green Mountain	802,732	590,661	212,071
595	Colonial Virginia	347,149	347,149	-
596	Tidewater	621,354	570,769	50,585
598	Shenandoah Area	188,673	188,673	-
599	Blue Ridge Mountains	739,330	739,330	-
602	Heart of Virginia	2,067,014	1,517,014	550,000
604	Blue Mountain	673,098	98,098	575,000
606	Mount Baker	2,150,000	-	2,150,000
609	Chief Seattle	7,517,262	7,517,262	-
610	Great Alaska	579,090	579,090	-
611	Inland Northwest	164,963	164,963	-
612	Pacific Harbors	2,260,810	2,260,810	-
614	Grand Columbia	254,101	118,414	135,688
615	Mountaineer Area	527,717	416,717	111,000
617	Buckskin	1,890,783	1,890,783	-
619	Ohio River Valley	895,582	835,582	60,000
620	Glacier's Edge	615,218	615,218	-
624	Gateway Area	328,075	328,075	-
627	Samoset	744,921	714,142	30,780
635	BayLakes	2,876,230	2,876,230	-
636	Three Harbors	3,685,039	3,685,039	-
637	Chippewa Valley	411,891	411,891	-
638	Greater Wyoming	405,893	405,893	-
640	Greater New York	9,000,000	9,000,000	-
651	Potawatomi Area	560,174	560,174	-
653	Great Rivers	420,000	-	420,000
660	Blackhawk Area	1,611,059	142,059	1,469,000
661	Puerto Rico	233,059	233,059	-
662	Longhorn	1,619,485	1,619,485	-
664	Suwannee River Area	224,459	224,459	-
690	Garden State	3,890,626	2,118,437	1,772,189
691	Pushmataha Area	83,882	83,882	-
694	South Plains	755,075	755,075	-
695	Black Hills Area	160,573	160,573	-
696	Midnight Sun	1,023,336	1,023,336	-
697	Oregon Trail	3,141,676	3,141,676	-
702	Rainbow	759,968	566,968	193,000
713	Sequoyah	796,698	796,698	-
733	Sioux	524,247	524,247	-
741	Texas Southwest	221,936	221,936	-
748	Yocona Area	291,074	291,074	-
763	Virginia Headwaters	287,066	287,066	-
773	Gulf Coast	140,734	140,734	-
775	Rio Grande	562,009	562,009	-
777	Washington Crossing	1,390,180	1,390,180	-
780	Michigan Crossroads	7,983,003	5,819,003	2,164,000
802	Transatlantic	447,138	447,138	-
803	Far East	778,355	778,355	-

 

[Eagle1993]

48 minutes ago, CynicalScouter said:

The LDS payout at $250 million is a game changer. LDS has 2,430 known claims against it. As Kosnoff pointed out, over half of claims filed do NOT list the CO, so let's double that to 5000.

• $250 million/2500 claims = $100,000
• $250 million/5000 claims = $50,000

Now you know why COs are upset.  BSA + Councils + Hartford 

$1.637M/84,000 claims = $19.5K per claim for all three combined.

LDS alone is on the hook for double that rate.  

[Eagle1993]

I think if Judge Silverstein is watching the Purdue Pharma case, it may be a while to get to the final approval of the plan.  Judge Drain (Purdue Pharma judge) is being blasted by families (one read a 30 minute statement to him that said he was hand picked as  essentially approves releases easily and was manipulated by the Sacklers).  He is also being ripped by the US Trustee and state AGs.  Now, I'm not saying his decision was good or bad, only that he will be know for this decision and it isn't very popular.  That said, he had 95% of the claimants approved and most major parties in support.

I question if Judge Silverstein would proceed right to a claimant approval if the TCC and US Trustee objects.  I can't imagine this massive case that is granting coverage of non debtor parties going through without fully digging into why the TCC objects and determining if that is valid.  If Drain is being blasted now, what would be the fall back on Silverstein if she approved the case over the objection of her hand picked representative of claimants?  I'm sure that is in her mind and will dig into the TCC's objections (assuming they are not supporting the plan per media reports).

So ... I think once again we will see stories of plan agreed upon, etc.  Perhaps.  However, if the TCC objects we may have to wait some time.  

[CynicalScouter]

19 minutes ago, Eagle1993 said:

Judge Drain (Purdue Pharma judge) is being blasted by families (one read a 30 minute statement to him that said he was hand picked as  essentially approves releases easily and was manipulated by the Sacklers).

Just wait if someone from the TCC (Kennedy is particularly articulate but not the only victim obviously) exercises their right during confirmation phase to light into the judge like that. She has thousands of abuse letters in file as it is. She cannot be so totally checked out as to think the victims statements are going to be brutal if she goes against the TCC (and even if she does there will be dissenting victims).

And as you noted the US Trustee is very keen to oppose this third party discharge aspect as it was, pre-Sacklers. 

[DavidLeeLambert]

1 hour ago, CynicalScouter said:

The LDS payout at $250 million is a game changer. LDS has 2,430 known claims against it. As Kosnoff pointed out, over half of claims filed do NOT list the CO, so let's double that to 5000.

• $250 million/2500 claims = $100,000
• $250 million/5000 claims = $50,000

A couple other ways of looking at those numbers...

The number of LDS Scouts at the end of 2019 was about 400 thousand (Salt Lake Tribune article), so that's about $625 per ultimate-year boy.  That would have been almost 20 years of registration-fees at the 2019 rates, or probably fees for another 5 or 10 years as they've gone up (and will go up) since, or possibly more than the sum total of all registration fees ever paid before. It's also a fair complete-program cost (one Council camp or High Adventure trip, several weekend activities, literature, supplies, etc.) for one boy that year.

And the church had about 16 2/3 million members at the end of last year. So that's about $15.00 per man, woman, and child in the church, worldwide.; or $8029 per local congregation ("wards or branches", including those that did not ever charter a Scouting unit).

[ThenNow]

1 hour ago, CynicalScouter said:

But we now have a set point for how this may shake out.

Let’s call it a pushpin in the cork board or a chalk line on the sidewalk. Given strong objections from state plaintiffs’ attorneys and the TCC, that per abuse claim dollar figure needs to go up. (I realize you know that. I am circuitously objecting to the use of the word “set.”) 

[Eagle1993]

Total payout from LCs = $519,588,540 vs total $1,870,754,935 net unrestricted assets = 27.8%

 

Local Council Name	Total  Contribution	Net Unrestricted Assets	% Payout
Greater Alabama	3,685,328	5,858,141	63%
AlabamaFlorida	114,311	162,947	70%
Mobile Area	34,897	76,647	46%
Tukabatchee Area	832,901	3,625,053	23%
Black Warrior	767,974	2,273,695	34%
Grand Canyon	7,007,972	9,582,089	73%
Catalina	1,080,484	2,930,433	37%
De Soto Area	130,903	734,154	18%
Westark Area	942,308	1,737,613	54%
Quapaw Area	4,616,045	12,824,556	36%
Golden Gate Area	8,000,000	10,325,190	77%
Sequoia	567,536	9,912,453	6%
Southern Sierra	148,908	-249,930	-60%
Pacific Skyline	2,905,055	7,927,061	37%
Long Beach Area	4,262,425	5,122,574	83%
Greater Los Angeles Area	8,000,000	31,726,269	25%
Marin	1,030,344	3,474,055	30%
Orange County	13,008,500	38,005,058	34%
Redwood Empire	197,221	1,412,193	14%
Piedmont	541,098	5,544,891	10%
California Inland Empire	1,154,569	2,893,220	40%
Golden Empire	1,320,000	6,551,803	20%
San DiegoImperial	2,661,800	-566,856	-470%
Western Los Angeles County	1,250,000	9,690,805	13%
Los Padres	1,834,155	14,453,991	13%
Silicon Valley Monterey Bay	10,000,000	33,397,061	30%
Ventura County	325,018	1,437,344	23%
Verdugo Hills	973,434	6,230,000	16%
Greater Yosemite	2,200,000	3,753,019	59%
Pikes Peak	1,718,941	5,605,495	31%
Denver Area	6,000,000	21,140,913	28%
Longs Peak	2,936,807	4,722,329	62%
Rocky Mountain	11,492	659,135	2%
Connecticut Rivers	4,083,054	6,164,604	66%
Greenwich	802,477	8,182,865	10%
Housatonic	235,901	1,224,069	19%
Old North State	4,767,600	10,589,939	45%
Connecticut Yankee	2,581,836	4,716,717	55%
DelMarVa	2,241,287	12,402,191	18%
National Capital Area	8,000,000	33,820,605	24%
Central Florida	1,224,354	8,604,279	14%
South Florida	3,163,180	14,275,784	22%
Gulf Stream	1,170,000	3,129,806	37%
North Florida	5,284,701	7,459,145	71%
Southwest Florida	2,121,962	7,997,609	27%
Greater Tampa Bay Area	6,052,120	18,192,495	33%
Chattahoochee	937,997	6,082,594	15%
Atlanta Area	8,000,000	58,149,032	14%
GeorgiaCarolina	326,070	1,786,314	18%
Flint River	766,174	6,970,107	11%
Central Georgia	299,458	1,392,435	22%
South Georgia	436,247	1,952,636	22%
Coastal Georgia	2,584,395	17,382,082	15%
Northwest Georgia	802,019	1,600,467	50%
Northeast Georgia	2,138,766	6,396,650	33%
Aloha	1,338,358	5,975,712	22%
Mountain West	2,020,156	7,578,672	27%
Grand Teton	1,091,207	6,775,425	16%
Prairielands	467,331	2,252,777	21%
Three Fires	1,601,000	2,454,029	65%
Northeast Illinois	2,190,574	8,230,332	27%
Illowa	783,586	3,364,933	23%
W.D. Boyce	1,045,115	3,004,490	35%
Mississippi Valley	989,191	3,795,781	26%
Abraham Lincoln	1,568,064	2,458,695	64%
Hoosier Trails	757,931	1,968,860	38%
Buffalo Trace	553,341	2,586,680	21%
Anthony Wayne Area	1,309,804	3,604,204	36%
Crossroads of America	4,321,870	24,178,049	18%
Sagamore	1,149,115	4,861,534	24%
LaSalle	1,319,467	5,790,020	23%
Hawkeye Area	446,691	1,100,691	41%
Winnebago	723,157	2,670,485	27%
MidIowa	2,502,671	16,033,550	16%
Northeast Iowa	678,374	2,452,014	28%
Coronado Area	856,886	2,710,907	32%
Santa Fe Trail	203,382	762,886	27%
Jayhawk Area	345,573	1,777,238	19%
Quivira	975,000	4,157,657	23%
Blue Grass	110,356	1,520,150	7%
Lincoln Heritage	3,632,563	12,521,252	29%
Calcasieu Area	442,315	2,310,197	19%
Istrouma Area	680,000	2,688,810	25%
Evangeline Area	167,830	243,363	69%
Louisiana Purchase	1,167,454	4,170,751	28%
Southeast Louisiana	1,877,632	5,729,971	33%
Norwela	2,936,807	12,640,310	23%
Katahdin Area	275,157	386,682	71%
Pine Tree	904,025	3,651,504	25%
Baltimore Area	4,317,564	12,242,788	35%
MasonDixon	345,990	3,737,266	9%
Cape Cod and Islands	844,020	4,903,912	17%
Spirit of Adventure	3,840,767	8,058,233	48%
Heart of New England	1,406,503	1,876,850	75%
Western Massachusetts	664,939	1,514,624	44%
Northern Star	7,223,055	45,643,422	16%
Mayflower	5,035,539	22,562,733	22%
Twin Valley	783,963	3,706,565	21%
Voyageurs Area	510,201	1,210,218	42%
Central Minnesota	276,941	2,483,885	11%
Gamehaven	321,630	1,393,364	23%
Choctaw Area	519,164	3,394,222	15%
Andrew Jackson	1,512,001	1,519,057	100%
Pine Burr Area	330,068	2,911,447	11%
Ozark Trails	2,241,929	5,368,753	42%
Heart of America	6,971,313	18,738,579	37%
Pony Express	1,015,000	4,430,970	23%
Greater St. Louis Area	7,986,838	31,740,144	25%
Montana	3,181,676	33,748,789	9%
Overland Trails	468,988	1,325,334	35%
Cornhusker	356,000	3,827,718	9%
MidAmerica	4,280,708	8,289,589	52%
Las Vegas Area	3,385,736	4,968,407	68%
Nevada Area	2,506,435	9,478,814	26%
Daniel Webster	3,525,762	10,286,304	34%
Northern New Jersey	3,064,566	6,863,268	45%
Jersey Shore	386,141	1,120,096	34%
Monmouth	3,170,811	10,212,112	31%
Patriots' Path	3,704,240	7,830,214	47%
Twin Rivers	2,595,200	4,229,406	61%
BadenPowell	1,371,787	4,015,196	34%
Longhouse	840,707	1,581,633	53%
Five Rivers	831,968	2,972,059	28%
Iroquois Trail	342,546	283,246	121%
Greater Niagara Frontier	1,537,485	3,346,922	46%
Allegheny Highlands	899,358	2,113,548	43%
Theodore Roosevelt	3,989,485	9,905,508	40%
Greater Hudson Valley	6,367,835	11,731,515	54%
Seneca Waterways	8,000,000	11,797,728	68%
Leatherstocking	4,493,457	11,828,471	38%
Suffolk County	1,717,800	1,329,216	129%
Rip Van Winkle	240,016	121,824	197%
Great Southwest	116,570	1,275,497	9%
Conquistador	1,950,432	2,700,824	72%
Daniel Boone	656,424	7,829,640	8%
Mecklenburg County	2,920,183	11,248,480	26%
Central North Carolina	1,840,659	5,199,820	35%
Piedmont	2,785,859	9,801,687	28%
Occoneechee	1,946,429	6,056,221	32%
Tuscarora	858,650	1,365,311	63%
Cape Fear	1,044,895	5,557,337	19%
East Carolina	1,940,873	5,040,234	39%
Old Hickory	1,084,223	5,253,957	21%
Northern Lights	1,915,148	13,766,368	14%
Great Trail	3,059,259	9,525,356	32%
Buckeye	2,614,529	6,322,015	41%
Dan Beard	4,064,829	13,233,734	31%
Tecumseh	653,395	2,799,022	23%
Lake Erie	6,546,918	11,269,256	58%
Simon Kenton	2,659,872	8,647,700	31%
Miami Valley	1,255,126	5,399,371	23%
Black Swamp Area	1,681,202	7,775,738	22%
Pathway to Adventure	7,225,067	15,824,269	46%
Erie Shores	4,161,154	22,222,575	19%
Muskingum Valley	513,391	2,934,099	17%
Arbuckle Area	572,866	4,618,434	12%
Cherokee Area	315,366	5,014,481	6%
Cimarron	282,652	1,932,008	15%
Last Frontier	3,646,048	6,594,443	55%
Indian Nations	2,637,142	28,426,208	9%
Crater Lake	320,470	681,197	47%
Cascade Pacific	10,000,000	34,421,289	29%
Juniata Valley	421,504	1,893,688	22%
Moraine Trails	1,196,485	6,858,072	17%
Northeastern Pennsylvania	687,262	2,988,316	23%
Minsi Trails	2,580,916	6,716,274	38%
ColumbiaMontour	260,931	675,522	39%
Bucktail	260,931	520,567	50%
WestmorelandFayette	1,367,518	1,621,221	84%
Pennsylvania Dutch	1,054,371	5,329,855	20%
Cradle of Liberty	6,806,713	14,249,730	48%
Laurel Highlands	5,972,147	23,961,119	25%
Hawk Mountain	1,636,124	6,589,184	25%
French Creek	699,673	2,525,616	28%
Susquehanna	453,846	2,649,064	17%
Chief Cornplanter	260,931	417,106	63%
Chester County	1,559,680	6,856,711	23%
New Birth of Freedom	2,713,971	7,383,106	37%
Narragansett	6,440,530	18,836,603	34%
Palmetto	165,998	442,822	37%
Coastal Carolina	216,987	317,720	68%
Blue Ridge	1,058,966	4,681,093	23%
Pee Dee Area	889,440	2,207,773	40%
Indian Waters	556,559	1,296,106	43%
Cherokee Area	1,180,000	1,947,397	61%
Great Smoky Mountain	1,193,687	5,869,902	20%
Chickasaw	2,045,752	4,733,366	43%
West Tennessee Area	140,520	135,786	103%
Middle Tennessee	3,586,493	20,264,491	18%
Texas Trails	627,654	1,567,414	40%
Golden Spread	2,133,734	8,879,958	24%
Capitol Area	4,196,142	45,026,850	9%
Buffalo Trail	1,148,568	2,331,639	49%
Circle Ten	7,989,824	1,828,738	437%
Yucca	684,194	1,572,425	44%
Bay Area	1,019,611	2,643,449	39%
Sam Houston Area	7,968,144	88,569,253	9%
South Texas	372,925	4,777,870	8%
Three Rivers	802,596	1,071,295	75%
Alamo Area	4,241,105	15,476,476	27%
Caddo Area	506,208	2,309,301	22%
East Texas Area	1,505,910	3,605,254	42%
Northwest Texas	529,586	1,551,351	34%
Crossroads of the West	4,413,897	36,894,524	12%
Green Mountain	802,732	1,652,225	49%
Colonial Virginia	347,149	581,632	60%
Tidewater	621,354	861,184	72%
Shenandoah Area	188,673	902,224	21%
Blue Ridge Mountains	739,330	2,199,821	34%
Heart of Virginia	2,067,014	6,509,720	32%
Blue Mountain	673,098	510,479	132%
Mount Baker	2,150,000	7,795,644	28%
Chief Seattle	7,517,262	33,363,479	23%
Great Alaska	579,090	6,710,102	9%
Inland Northwest	164,963	118,020	140%
Pacific Harbors	2,260,810	5,353,855	42%
Grand Columbia	254,101	2,956,830	9%
Mountaineer Area	527,717	3,466,293	15%
Buckskin	1,890,783	9,024,883	21%
Ohio River Valley	895,582	2,925,194	31%
Glacier's Edge	615,218	3,107,723	20%
Gateway Area	328,075	1,295,142	25%
Samoset	744,921	4,149,307	18%
BayLakes	2,876,230	12,448,113	23%
Three Harbors	3,685,039	17,038,431	22%
Chippewa Valley	411,891	4,663,116	9%
Greater Wyoming	405,893	2,035,401	20%
Greater New York	9,000,000	10,041,590	90%
Potawatomi Area	560,174	2,395,254	23%
Great Rivers	420,000	2,031,475	21%
Blackhawk Area	1,611,059	5,023,665	32%
Puerto Rico	233,059	6,883,357	3%
Longhorn	1,619,485	6,059,764	27%
Suwannee River Area	224,459	-238,956	-94%
Garden State	3,890,626	9,300,738	42%
Pushmataha Area	83,882	415,595	20%
South Plains	755,075	583,361	129%
Black Hills Area	160,573	664,784	24%
Midnight Sun	1,023,336	2,126,874	48%
Oregon Trail	3,141,676	8,408,697	37%
Rainbow	759,968	3,812,852	20%
Sequoyah	796,698	4,270,519	19%
Sioux	524,247	1,496,185	35%
Texas Southwest	221,936	916,498	24%
Yocona Area	291,074	863,638	34%
Virginia Headwaters	287,066	217,980	132%
Gulf Coast	140,734	-292,475	-48%
Rio Grande	562,009	1,906,030	29%
Washington Crossing	1,390,180	3,906,611	36%
Michigan Crossroads	7,983,003	25,109,723	32%
Transatlantic	447,138	966,036	46%
Far East	778,355	2,886,174	27%

[CynicalScouter]

13 minutes ago, ThenNow said:

(I realize you know that. I am circuitously objecting to the use of the word “set.”) 

Point well taken. And as you note, the point may move, shift, or change. But for the first time we've got SOME mark to judge all other things based on. It is the first real data point on COs we've seen.

[RememberSchiff]

48 minutes ago, Eagle1993 said:

I think if Judge Silverstein is watching the Purdue Pharma case, it may be a while to get to the final approval of the plan.  Judge Drain (Purdue Pharma judge) is being blasted by families (one read a 30 minute statement to him that said he was hand picked as  essentially approves releases easily and was manipulated by the Sacklers).  He is also being ripped by the US Trustee and state AGs.  Now, I'm not saying his decision was good or bad, only that he will be know for this decision and it isn't very popular.  That said, he had 95% of the claimants approved and most major parties in support.

I question if Judge Silverstein would proceed right to a claimant approval if the TCC and US Trustee objects.  I can't imagine this massive case that is granting coverage of non debtor parties going through without fully digging into why the TCC objects and determining if that is valid.  If Drain is being blasted now, what would be the fall back on Silverstein if she approved the case over the objection of her hand picked representative of claimants?  I'm sure that is in her mind and will dig into the TCC's objections (assuming they are not supporting the plan per media reports).

So ... I think once again we will see stories of plan agreed upon, etc.  Perhaps.  However, if the TCC objects we may have to wait some time.  

I hope Judge Silverstein is also reviewing USA Gymnastics settlement and reorganization. IMHO I see little real organizational change in the BSA. New boss is the old boss.

 

[CynicalScouter]

1 minute ago, Eagle1993 said:

Total payout from LCs = $519,588,540 vs total $1,870,754,935 net unrestricted assets = 27.8%

Beat me to it by about 20 minutes. I was cutting and pasting from the PDF as fast as I could and I was looking at TOTAL Net assets (rather than net unrestricted).

 

[CynicalScouter]

4 minutes ago, RememberSchiff said:

I hope Judge Silverstein is also reviewing USA Gymnastics settlement and reorganization. IMHO I see little real organizational change in the BSA. New boss is the old boss.

The problem is no one has asked for it. In USA Gymnastics the victims demanded the entire board resign, organizational and structural changes, etc.

No one has so far filed ANYTHING about demanding changes to BSA National's internal structure. And I doubt the judge is sua sponte going to demand, for example, the NEB be reduced down to 12.

The TCC's demands have all been focused on a single aspect: sexual abuse claims of the past (IV Files released) and the future (committee to review YP, independent expert brought in to review, etc.)

No one has even mentioned the massively bloated Board.

Edited September 15, 2021 by CynicalScouter

[Eagle1993]

3 minutes ago, CynicalScouter said:

Beat me to it by about 20 minutes. I was cutting and pasting from the PDF as fast as I could and I was looking at TOTAL Net assets (rather than net unrestricted).

 

That is another good look.  I took the most optimistic (in terms of claimants) aspect of payouts.  Assuming that every council is 100% correct on their net unrestricted assets.  It would be good to see the total asset look as well.  Obviously there are many other factors (like SOLs, # of claims) that could be factored in the payout by council.

Edited September 15, 2021 by Eagle1993
typo