reorganization plan News

Mediator Ousted in Boy Scouts Bankruptcy; Deadline Extended

DOVER, Del. (AP) –The judge presiding over the Boy Scouts of America bankruptcy issued a ruling Tuesday removing a former Delaware bankruptcy judge as a mediator, saying a court filing by the Boy Scouts raised questions about his impartiality. Judge …

Judge Begins Key Hearing on Boy Scouts Bankruptcy Plan

DOVER, Del. (AP) — A Delaware judge on Tuesday began a key hearing that could determine whether the Boy Scouts of America can emerge from bankruptcy later this year with a reorganization plan that would compensate thousands of men who …

Judge Begins Ruling on Purdue Pharma Bankruptcy Plan That Shields Sacklers

A U.S. judge began delivering his ruling on Wednesday on OxyContin maker Purdue Pharma’s request to approve its bankruptcy reorganization plan that would shield the company’s Sackler family owners from future litigation over the opioid crisis. If U.S. Bankruptcy Judge …

Judge Urges Talks Between Purdue Pharma and Holdout States

A federal bankruptcy judge on Friday urged states that oppose a settlement plan with Purdue Pharma to try to work out differences with the OxyContin maker before he issues a ruling next week. During a videoconference hearing, Judge Robert Drain …

Judge Clears Boy Scouts’ $850M Sex Abuse Settlement Plan With Conditions

The Boy Scouts of America has received a green light from a judge to proceed with its $850 million reorganization plan to exit bankruptcy and settle more than 80,000 claims brought by victims of sexual abuse. The ruling by U.S. …

Boy Scouts Lawyers Eye New Bankruptcy Reorganization Plan

DOVER, Del. (AP) — Attorneys for the Boy Scouts of America told a Delaware bankruptcy judge Monday that they plan to file a new reorganization plan after gaining little support for a previous proposal that has been roundly criticized by …

Boy Scouts Victims Committee Says Claims Worth $103 Billion

DOVER, Del. (AP) — The official committee representing child sex abuse victims in the Boy Scouts of America bankruptcy is asking a judge for permission to file its own reorganization plan, saying the plan proposed by the BSA falls woefully …

Boy Scouts Submit Reorganization Plan to Bankruptcy Court

DOVER, Del. (AP) — The Boy Scouts of America submitted a bankruptcy reorganization plan Monday that envisions continued operations of its local troops and national adventure camps but leaves many unanswered questions about how it will resolve tens of thousands …

Attorneys Challenge Weinstein Co. Bankruptcy Plan Approval

DOVER, Del. (AP) — Four women who have accused disgraced film mogul Harvey Weinstein of sexual misconduct are appealing a Delaware judge’s approval of the Weinstein Co.’s bankruptcy plan. Attorneys filed the appeal in U.S. District Court in Delaware on …

PG&E Says Bankruptcy Court Approves its Chapter 11 Reorganization Plan

PG&E Corp said its Chapter 11 reorganization plan has been confirmed by the United States Bankruptcy Court for the Northern District of California, bringing the power provider one step closer to emerging from bankruptcy and participate in a state-backed wildfire …