November 12, 2024
The Third Circuit heard arguments on Boy Scouts of America's Chapter 11 plan from sexual abuse survivors as well as insurers, California's attorney general disputed Sullivan & Cromwell's fee requests in Kidde-Fenwal Inc.'s bankruptcy, and the U.S. trustee is seeking documents from Jackson Walker LLP regarding a former attorney's secret relationship with a bankruptcy judge. This is the week in bankruptcy.
November 07, 2024
A Delaware bankruptcy judge said Thursday she will allow a Boy Scouts sexual abuse survivor, who missed a claims bar cutoff and a deadline to apply to a trust set up for abuse claimants, to file a late claim in the Boy Scouts' Chapter 11 case because he had limited access to information at the prison where he's serving an 18-year sentence.
November 06, 2024
Questions over whether equitable and statutory mootness foreclose challenges to the Boy Scouts of America's bankruptcy took center stage Wednesday during arguments before the Third Circuit, with the judges and parties involved noting the impact that changing the Chapter 11 plan that's already in effect could have on thousands of sexual abuse survivors.
October 17, 2024
Boy Scouts of America has filed a post-confirmation report in its Chapter 11 case, reporting it has incurred $295 million in professional fees in the third quarter ending Sept. 30.
August 28, 2024
An auction house announced Wednesday that parts of the Boy Scouts of America's former art collection, including a number of Norman Rockwell pieces, will go on the auction block in November to pay for claims by sexual abuse survivors.
August 20, 2024
Hundreds more men who were sexually assaulted when they were Boy Scouts have received distributions from the settlement trust that is determining their claims as the pace of payments picks up, the most recent report from the Chapter 11 settlement trust showed.
August 07, 2024
A Delaware bankruptcy judge said on Wednesday that she needed more time to consider how to handle a claim against the Boy Scouts of America that was filed late by a man who missed the deadline because he said he had repressed his memories of being sexually assaulted as a scout.
July 08, 2024
The ex-Texas bankruptcy judge whose undisclosed romance with a former Jackson Walker LLP partner sparked an ethics scandal and efforts by the Office of the U.S. Trustee to recoup some $13 million in fees will be deposed; Rudy Giuliani can no longer practice law in New York and asked to convert his personal Chapter 11 bankruptcy to a Chapter 7; and the U.S. Supreme Court's monumental ruling in Purdue has opened questions about other high profile Chapter 11 plans and the authority of bankruptcy courts.
July 02, 2024
After the U.S. Supreme Court's ruling last week in the Purdue Pharma case, the Boy Scouts' bankruptcy plan is back in focus before a federal appeals court, potentially reigniting a heated debate over equitable mootness, a doctrine courts have long used as grounds to avoid reopening and tinkering with already-consummated bankruptcy plans.
March 28, 2024
The former bankruptcy judge overseeing Boy Scouts of America's $2.4 billion childhood sexual abuse settlement trust has informed Delaware's bankruptcy court she's appealing its decision allowing a former Boy Scout to continue suing Liberty Mutual and other insurers in Missouri to collect a $120 million judgment against his ex-scoutmaster.