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Working with Kids

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  • LATEST POSTS

    • I don't think the court got through all of the Plan Disclosure objections.  When will those be covered?  It seems like we have days and days of hearings left just on that.
    • Official agenda for September 23. https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/8295d93f-c841-4c5d-beb8-7edd6cad2b2c_6331.pdf The first 3 items have been agreed to by stipulation and agreement, including by the TCC, therefore they will likely take about 2 minutes each (Lauria will explain what they are, why all parties agree, and judge will ask for objections. Hearing none, she'll move on). That will leave Debtors’ Motion for Entry of an Order (I) Approving Knight Settlement Agreement and (II)  Modifying  the  Automatic  Stay,  to  the  Extent  Necessary  to  Permit  Payment  of Settlement Amount by Applicable Insurance. (D.I. 6154, filed 9/2/21). Debtors’ Motion for Entry of an Order (I) Approving Romero Settlement Agreement and (II)  Modifying  the  Automatic  Stay,  to  the  Extent  Necessary  to  Permit  Payment  of Settlement Amount by Applicable Insurance. (D.I. 6155, filed 9/2/21).
    • Yep.  But if you're the coalition it's all part of the game plan.  Collect as many clients as you can.  Fight strict validation.  Control the trust.  Don't communicate with your clients because you don't want to answer the tough questions, and settle QUICKLY.  Why?  Because for every billion in an award fund the coalition attorneys stand to earn before paying off their funders 400 MILLION DOLLARS.  Oh, and the last part of the plan....move on to the next mass tort and repeat.  This isn't an anti-lawyer post.  It's a "how the game is played" post. 
    • No, if BSA abandoned the LCs without doing absolutely everything they could to get them covered I suspect it would fundamentally destroy the relationships.  So while going independent might be smart in one sense, in the long run I don't think it would be the best option. I think any attorney who is thinking in these terms is either an idiot or is dissembling.  Yes, before all the claims got filed an attorney might have been able to get a multi-million dollar settlement out of a Council.  But now that everyone knows there are hundreds or thousands of claims just waiting to be litigated?  Nope.  Paying 3 million for a settlement to get an issue to go away so you can move on is one thing.  Paying 3 million to the first person in a line of a thousand is an entirely different story.  At that point, if the LC sees that the number of people indicates a bankruptcy is in the future, there's no longer any point in paying anyone at full value. That's a nice thought, but for anyone who actually needs the money, I don't think it's a realistic one.  Something like 40% of Americans are 1 paycheck away from being insolvent and for half of the country that 15k is more than 25% of their annual income.  I'm sure there are plenty who would rather wait and hope for more, but I don't think it'll be a landslide by any means.
    • Won't that be a mess. The Coalition (including many of the victims' own lawyers) are saying "vote yes" and the TCC says "vote no".
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