ThenNow
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Chapter 11 Announced - Part 9 - Confirmation Hearing
ThenNow replied to Eagle1993's topic in Issues & Politics
Let the games begin! -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
9305.pdf -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
[famous Rolling Stones line goes here] -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
At some point an organization (and I won't hold my breath that it will be a governmental agency) will need to do autopsies of these cases. Since the analysis is not being done during the process, for various stated reasons some of which I don't not comprehend, they just slide on through like snail snot. I used that because they are slow, but slick. How can this continue to happen relatively unchecked without both full disclosure of aggregator funding and advertising methods, and frontend vetting and validation of e-signatures? From what I see as a moral and objective standpoint, all expediency excuses aside, how is this the "right" way to do something. Any dilution of the claimant pool by nefarious means damages survivors all over again. Okay. No one ping-pong me for veering of topic, bitte. -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
Starting from the end, are you saying it's wrong, foolish or pointless to negotiate changes to help keep youth safe? I get the disgusting and don't disagree. Let's assume BSA is headed toward emergence to continue its youth-serving mission. For the sake of staying in a straight line, let's not argue whether it does or does not do that well. All mitigating arguments and objections to the outcome being realized aside, isn't it better to use the moment to leverage enhanced youth protection than see BSA emerge without those significant improvements? Are you exclusively saying that because they had to be forced to change is repressible or do you believe no one should negotiate with those perceived as unrepentant, unredeemable or other "uns" we can insert? Not poking, just hoping to better understand. For me, the trauma of not seeing these changes put in place to protect kids outweighs whether it was a huge BSA failing. All said and done, I'm glad for the outcome. -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
Yes. -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
Agreed. If we recall the way it went down, without any involvement of the TCC and triumphantly announced to the world as the second coming, it was clearly a (the?) major BSA gaffe that set the trajectory. I believe that is when I went into my, "smells like desperation" and not "teen spirit" routine. -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
"If wishes were fishes we'd eat for a lifetime." There is 0% chance this hope is realized. Also, 85% is not a good sign. 8000 holdout votes of 56,500 voting claimants is not insubstantial. -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
As I recall, on top of the AG's and US Trustee, Purdue had roughly 2000 holdout tort claimants. Based on this report, we have 8000. -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
I'm undergoing a remodel. It seems endless. Painfully so. One thing after another. Overruns. Redundancies. Do overs. Inflation. Supply chain. Bid adjustments. Delays upon delays. Unscrupulous people. Sound familiar? The electrician was installing lights yesterday. He is an affable, tatted up, big-bearded biker sorta fella. I like him. Yesterday, he overheard me muttering to myself after finding the latest dumb thing one of the other sub's did. He chimed in from the other room, "You're dancing in the hotdog factory, again. Get out of there and don't come back until they tell you it's finished." Word. -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
Numb and Numb-er? -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
85.72% Accept. 1816711345_DI9275SupplementalNownes-WhitakerDeclaration.pdf -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
Let's see if you hear from your attorney. It is the best source of information and the least problematic for you and others here who can offer an opinion. Has your attorney been responsive in the past? By what method did you contact Omni? -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
I asked Omni and they said they'll have the final report the 10th. She also said she's not reading 3000+/- exhibits (with untold sub-exhibits), only documents specifically referenced during the trial. She was very displeased overall. She had a 20+/- second pause at one point, looking up into her brain apparently trying to determine what to say. I would love to know what things were passing through her mind. Did I say she was very displeased? I think he refrained since he's said the same general thing three times, always adding, "This is a case about abuse survivors!" I think his solution is to continue his objection and suggest the judge Purdue it. Well, the middle Purdue and not the latest Purdue. -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
Yes, that's a simple summary of the requirements, but they keep talking about it being limited, designed for the high-dollar claims that are the most severe and horrific, and not a lot of claimants will pursue it. Clearly, as described in the Zalkin/Pfau brief, this is intended for the well-vetted, open state claims that were or could be prepped to go into the tort system. "Abuse claim is in statute." Those 3 elements that make up the narrow definition, I believe. I just want someone to say that. Continuing to say "most severe...most horrific" and high-dollar claims is just a shroud. I get it, but it's not transparent. -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
I still want to know who created this supposedly narrow gate and how they are defining "most severe" and "high value." What one may see as (physically) onerous may not have the highest level of economic damages or the same statutory framework for maximizing/limiting non-economic and punitive. People like me who crashed mid-career in their 40's and had significant loss of income, etc., might not have had the "most severe" abuse, whatever the [blank] that means. Honestly, I don't know. I am NOT categorizing abuse because I hate the very thought of it. This type of injury (tort) is personal and case-specific. Some people experience terrible things and don't lose careers, go into a psyche hospital, or adopt multiple maladaptive, self-harming surviving mechanisms. We really deserve to know exactly the framework they have created here. "They" being the state court counsel who crafted and negotiated the IR. Am I being self-centered and/or myopic? Third mod to Plan 5.0, I believe. -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
Anudder half mill. [*drip*drip*drip*] https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/dbcf37f0-5d86-4b6c-9ef0-bdfda2a24b42_9170.pdf -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
If you want to understand the view of holdout firms representing abuse claimants in open states with financially sound defendants (who now support the plan), read this. On the side, I think Sir Thomas Patterson is one of the smartest attorneys on this case. That is my opinion from watching him and reading his filings. Is he the only Rhodes Scholar among them? Dunno. I'm bettin', but what do I know... https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/195daa83-e7db-494d-9c7c-05d2c09c293f_9156.pdf PS - I still want someone to better explain the IR process, specifically as to the exclusive ability of the limited, "most severe" and "high-value claims" to access the excess insurance layers. 4. The centerpiece of the Plan modifications is the Independent Review Option for the holders of high-value Abuse Claims that will enable liquidate their claims (through a Settlement Recommendation) based on an accurate assessment of the tort system value of their claims without artificially capping the individual’s Abuse Claim on the basis of categorical matrix values and pre- established aggravating and mitigating scaling factors. Independent Review is specifically designed for holders of Abuse Claims whose claims are supported by, and collectible from, excess layers of non-settled insurance. Non-settling insurers are invited, but not required, to participate in Independent Review. The Settlement Trust is then empowered to make demand upon and collect accepted Settlement Recommendations from responsible Non-Settling Insurers in accordance with otherwise applicable law. Survivors who elect Independent Review will have distribution rights for amounts of their claim awards in excess of $1 million to be paid from an Excess Award Fund comprised of the proceeds from excess insurer settlements. 5. The Independent Review Option thus solves two problems with the Prior Plan in a single stroke. It provides a fair and efficient administrative process for liquidating and distributing recoveries to the highest value Abuse Claims in a manner that is commensurate with the tort system value of those claims, and it provides an efficient mechanism for the Settlement Trust, on behalf of survivors more broadly, to thereafter liquidate rights against Non-Settling Insurers, consistent with otherwise applicable law. By capping the vast majority of Abuse Claims at dollar amounts well below the threshold for triggering excess coverage, the Prior Plan effectively insulated the excess insurers, making settlement less likely. Under the current Plan, Independent Review provides a mechanism for establishing the high-value claims that would otherwise have been established in the tort system and that will reach into the excess insurance coverage layer. -
Precisely, and on a frequency the average mortal cannot detect. I’m messin…
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Ok. We all have to admit this is a funny word. Experts like to coin stuff when they don't like what else is available to them, Cronbach or no Cronbach. I'm teasing, but use it in a sentence this week and see the reaction you get (unless you work in quantitative analysis, mathematics or the like).
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Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
Bam. An equal opportunity skinning on live Court TV. It is simply inexcusable they would think it perfectly terrific and endearing to say that sort of [blankety blank] with all of us watching and listening. Makes me pretty cranky pants. -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
Thanks for the "most." I assumed that allows present company to be excepted? (There are at least three of us present and relatively accounted for.) -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
I would like the 411 on how and why that went down. Where’s Paul Harvey when you need him? -
Chapter 11 Announced - Part 8 - TCC Term Sheet & Plan Confirmation
ThenNow replied to Eagle1993's topic in Issues & Politics
Define or quantify "seldom," please? I do think BSA is conspicuous by its absence on this list. We know they to some degree (I don't know what) requested "No Publicity" on cases. The most damning is the historical fact made popular by our much missed colleague, CynicalScouter. Keeping the existence of the IV Files from Dr. Menniger while he was supposed to be doing an organization-wide risk audit of the organization is very telling and problematic. That was in the 1980's if I recall correctly the date of his testimony. Agreed. This, we cannot afford or abide. We have to do better and I mean societally. Fear thrives in darkness. "My people are destroyed for lack of knowledge" and knowledge requires disclosure by those in the know. 1000%. This process is distinct from the underlying issue, however.
