reorganization plan News

Boy Scouts Bankruptcy Plan in Effect; Appeals Likely Go on

DOVER, Del. (AP) – The Boys Scouts of America’s $2.4 billion bankruptcy reorganization plan took effect Wednesday. But more time will be needed before survivors of child sexual abuse at the hands of Boy Scout leaders and volunteers begin receiving …

Boy Scouts Bankruptcy Plan Headed to Federal Appeals Court

DOVER, Del. (AP) — Attorneys for several insurance companies are appealing a federal judge’s decision to uphold the confirmation of a $2.4 billion bankruptcy reorganization plan for the Boy Scouts of America. In an emergency motion filed Friday, attorneys for …

Judge Denies Insurers’ Appeal in Boy Scouts Reorganization Plan

A federal judge on March 28 denied an appeal, largely made by insurers, to strike down the Boy Scouts of America’s nearly $2.5 billion reorganization plan approved last year to allow the organization to settle tens of thousands of sexual …

Ruling Leaves Questions About Boy Scouts Bankruptcy Plan

DOVER, Del. (AP) — A Delaware bankruptcy judge has approved parts of the Boy Scouts of America’s reorganization plan but has rejected other provisions, saying in a ruling Friday that the organization has “decisions to make” regarding the plan. Judge …

Boys Scouts Bankruptcy Judge Approves Sale of BSA Warehouse

DOVER, Del. (AP) — The judge presiding over the Boy Scouts of America bankruptcy has approved the organization’s request to sell its warehouse and distribution center in North Carolina for roughly $13.5 million and lease back the property from the …

Future Liability Releases at Center of Boy Scouts Bankruptcy

DOVER, Del. (AP) — Protecting local Boy Scouts of America councils and troop sponsoring organizations from future liability for child sex abuse claims is critical to the national group’s reorganization plan, BSA attorneys told a Delaware bankruptcy judge Tuesday. Attorneys …

Judge Delays Start of Boy Scouts Bankruptcy Plan Hearing

DOVER, Del. (AP) — The judge presiding over the Boy Scouts of America bankruptcy has delayed the start of a trial to determine whether the BSA’s reorganization plan should be confirmed after an agreement with the official committee representing more …

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 …