InquisitiveScouter Posted April 13, 2022 Share Posted April 13, 2022 6 minutes ago, Eagle1993 said: Judge says ... I have 45 mins more today. I just heard a "Jesus Christ". So, it will go on tomorrow. Tomorrow is Maundy Thursday. Link to comment Share on other sites More sharing options...
Eagle1993 Posted April 14, 2022 Author Share Posted April 14, 2022 BSA, Ad Hoc LC, Century lawyers presented so far this morning. Very convincing arguments to approve the plan. They are pointing out clear factual errors that were made by opponents. It feels like this is wrapping up today. 1 Link to comment Share on other sites More sharing options...
Eagle1993 Posted April 14, 2022 Author Share Posted April 14, 2022 Seemed to be going well until right now. Judge seems to see some issues that BSA insurance counsel cannot defend well. Basically, non settling insurers are saying yes you can transfer the policies but that comes with the benefits and burdens. It is really a debate around language in the plan. It may require some clarifications in the plan. BSA doesn't disagree ... sounds like it is just working through proper language. Judge never entered in order (That she recalls) that assigns a contract & also by the way here is a bunch of stuff about it. Basically, she wants to say the trust is assigned the rights. She is concerned there is professions touching on post assignment and she doesn't do that. If there are issues with insurance honoring their contract ... take it to state court. Judge is working through this out loud as there could be some mechanics about payment of claims. I don't see this as a roadblock, more like a speed bump. She doesn't seem to agree with how it is written today. 4:30 eastern ... still hopeful arguments close today. Link to comment Share on other sites More sharing options...
Popular Post Eagle1993 Posted April 14, 2022 Author Popular Post Share Posted April 14, 2022 (edited) Dr. Doug Kennedy made an impassioned speech to the court and asked the Judge to keep her focus on the survivors as she makes her decision(s). Jessica Lauria thanks the court for the time devoted. A few more letters/filings will come in on the docket including minor changes to the plan (coming in next week). Next Friday will be a general hearing and the only topic is the sale of the BSA distribution center. Judge thanks all of the staff that made this so smooth. Hearing was pulled off very well and great teamwork between firms. February 2020 until mid April 2022. Matter is under advisement. Confirmation hearing is closed! Edited April 14, 2022 by Eagle1993 typos 3 6 Link to comment Share on other sites More sharing options...
Eagle1993 Posted April 15, 2022 Author Share Posted April 15, 2022 Started new topic here as the hearing is now complete. Chapter 11 - Part 10 Link to comment Share on other sites More sharing options...
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