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Everything posted by CynicalScouter
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Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
Insurance companies respond to Green withholding documents claiming mediation privilege. How can Green have mediation privilege when he was a) NEVER a mediator b) a party to the mediation or c) specifically rejected as a mediator? Also Green is claiming some kind of “preparing to be a mediator privilege” which seems bizarre https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/7dd12f1f-e5a6-41b8-bbd5-a859cccb966f_6316.pdf -
Statement by the United Methodist Church
CynicalScouter replied to gpurlee's topic in Issues & Politics
In some ways it is. In some it is not. The disclosure notice hearing is tomorrow. The attorney for the ad hoc committee of Methodist churches will I would bet make a statement that can and likely could/will get picked up by media. The deadline is who should articulate the UMC position: the lawyer or who? -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
FCR/Coalition filed a proposed “plain English” document for “abusive victims” (sic) to receive. As you can imagine it puts Plan 5.0 in the best possible light. https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/50451505-f81e-41f2-b64a-cae67dd03d3e_6312.pdf ”The Coalition and the FCR believe that the approval and implementation of the global settlement among the Boy Scouts, the Local Councils, the Coalition and the FCR embodied in the Plan is in the best interests of creditors and RECOMMEND THAT YOU VOTE TO ACCEPT THE PLAN.” emphasis in original -
Statement by the United Methodist Church
CynicalScouter replied to gpurlee's topic in Issues & Politics
Nothing so far 8pm Eastern https://www.gcumm.org/scouting-news https://methodistscouter.org https://facebook.com/MethodistScouting/ -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
They have been singing the same tune for this entire time: 1) BSA is running out of money 2) Give us a deal or else pension guarantee Corp comes in and takes everything 3) if the TCC really cares about all victims it will do anything it can to keep this out of state courts where some/most victims will walk away with nothing -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
From the Ad Hoc Committee brief “Meanwhile, the precipitous professional fees in these cases will continue to mount, and the estate’s assets will continue to be depleted. If these costs persist, the Debtors will likely have to liquidate before any chapter 11 plan process can be completed.” Translated: BSA’s continuous stalling and delaying tactics should be rewarded with a sweetheart settlement deal for LCs and COs. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
FCR/Coalition file in opposition to TCC motion to delay hearing for at least two weeks https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/6e36db0a-5f5f-4c53-8999-79485f16d680_6304.pdf -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
TCC has now withdrawn objections to the Lehr and Knight settlements here. -
Statement by the United Methodist Church
CynicalScouter replied to gpurlee's topic in Issues & Politics
It is 3:30 Eastern and still no statement. I know, lot of day light left. -
Statement by the United Methodist Church
CynicalScouter replied to gpurlee's topic in Issues & Politics
Several weeks ago the people running the UMC Scouting FB said they were going to have an "honest update" by September 20. https://www.facebook.com/MethodistScouting/posts/603906087681889?comment_id=604431790962652&reply_comment_id=604441290961702 -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
Right, so for example, 82,500 claims 25% sit out that leaves you with 61,875. 61,875*.33=20418 That's why I said Kosnoff/AIS can never alone achieve a "yes" for anything, but they can persuade enough of their clients to a) vote and b) vote no then they can veto anything. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
The coalition claims 55,000 or so at least that was the number in the RSA They do NOT have letters from everyone. Note the letter I sent around/found on FB. They are asking for such letters. 66% of voters, not 66% of total votes. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
Green now files an appearance (through his lawyers) and a letter to the judge: The insurer's claims for his documents as to why he was picked as trustee and NOT as mediator are all mediation privileged. https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/d60659d9-f30a-432a-9fd8-adda406b9f90_6299.pdf -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
BSA's filing objecting to all TCC motions. https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/0994528a-9b42-45b4-8651-8a14b191a2bf_6293.pdf Main points The fact that the TCC approve and supported the RSA and Plan 4.0 should be held against the TCC's argument it needs more time. BSA is arguing, in effect, the TCC knew most of what Plan 5.0 would look like AND SUPPORTED IT, therefore the TCC does not need any more time The TCC just wants to delay to get past the exclusivity date and be able to submit its own plan. If the TCC wanted to, it had weeks after the RS -
To be fair to some councils (not necessarily yours) there have been massive layoffs in some of these councils. Having diminished staff AND being told to take on more responsibilities like this (something that runs counter to everything BSA has done for decades based on the CO model) is not something councils relish or are even prepared for.
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Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
I want to delve into Claro, because they were a player in the USA Gymnastics/Nassar cases. From the TCC filing https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/7deb7908-df9b-497d-9bf7-0fe922e7707a_6287.pdf Whereas BSA hired White & Chase to come up with an estimated valuation of claims ($4-7 billion) Claro will come in likely much, much, much higher. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
TCC wants courts permission retroactive to September 1 to hire professional to value/valuation for all 82500 claims. Remember that there was an attempt earlier at getting the US district court to make valuation determination. https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/7deb7908-df9b-497d-9bf7-0fe922e7707a_6287.pdf 8. The Tort Claimants’ Committee seeks to retain Claro for the purpose of providing the following services (collectively, the “Services”): a. expert consulting services and expert testimony regarding valuation of sexual abuse claims filed in the Chapter 11 -
Bankruptcy, everything but the legalese
CynicalScouter replied to MattR's topic in Issues & Politics
And herein lies the problem since at least the 1920s not only the annual charter renewal document but what would later evolve into the Adult Application made it clear that "Institutional Head" (which later split into the CO and IH) was approving those adult leaders and agreed to exercise oversight. This isn't about incorporated entity; this is about the idea that the scouting unit for legal and other purposes was considered a part of/program of the chartered organization. The equivalent would be if the Pastor of the local church approved a parish member to be the volunteer head of th -
Bankruptcy, everything but the legalese
CynicalScouter replied to MattR's topic in Issues & Politics
Archdiocese of Portland officials have told western Oregon Catholic parishes to rescind charters with Boy Scout troops and related organizations like Webelos and Cub Scouts. -
Statement by the United Methodist Church
CynicalScouter replied to gpurlee's topic in Issues & Politics
I could literally see something where they’re trying to mediate this well into tonight. The Facebook group for united Methodist scounting already indicated they were expecting to hear something by the 20th. -
Statement by the United Methodist Church
CynicalScouter replied to gpurlee's topic in Issues & Politics
Source Is web or email for the statement? -
Bankruptcy, everything but the legalese
CynicalScouter replied to MattR's topic in Issues & Politics
Sure is. No one says what the LCs are offering is what will be accepted. In addition several councils I know in their letters of intent to pay into the settlement specifically said it was conditioned on global settlement that includes them (obviously they are not paying if they are not covered). So mediation is totally relevant and the fact that LCs are saying “we will pay X” is not the last word in the subject. -
Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD
CynicalScouter replied to CynicalScouter's topic in Issues & Politics
BSA wants the judge to order the insurers to stop asking for discovery. I am not kidding https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/a142d925-ebd5-4709-b7ad-d99cdde395e8_6288.pdf They want the judge to issue and order declaring almost everything is mediation privileged therefore the insurance companies must stop asking.