Eagle1970

So, is it correct that this would end the litigation on/about July 13 (assuming no SC action)? I wonder what the timetable will be for the next distribution and if all of the initial distributions will have to be made first. Obviously, it will take years for all insurers to settle. But we also know that litigation costs can be high for them. So, I would guess some settlements will be made, sooner than later.

The Trust is not in a hurry to give an updated estimate, as it is highly unlikely that the end result will be anything even remotely close to your $33B or greater figure. Insurance claims will have to be settled for far less than potential, as it can take a decade to otherwise reach a conclusion. I have seen on a Facebook group that some believe they will receive $2.5M cash and are setting up trusts for grandchildren. Good luck to them on all of that. While it will still be significant I suspect it will be a small fraction of "fully funded".

As you might remember from our very early conversations, I was very tempted to not file a claim. And in the end, the amount I was awarded was not enough to have gone through these 6 years. In the beginning, I was told by the first administrators (far before the Trust) that this would be subject to Federal SOL so everybody would be equal. So I jumped in. Then the Trust swooped in and assigned low factors that left many of us with little. And it's not just Missouri. I have heard from folks in many of the more conservative states who were dealt the same hand as I was. Missouri, btw, was a 10-25% SOL state. However, the administrator would have none of that. "10% and you're lucky at that because you would have 0% chance in court". It is what it is. Thank you for the kind thoughts.

And congrats to you, as well. In the end, absolutely nothing mattered other than the Statute of Limitations. I am Tier 1 with almost all the aggravating factors. But the administrator was adamant, no matter how much caselaw and settlements I showed, that Missouri was a 10% SoL state. So, in the end, each of those factors that would have been very important in the calculation hardly mattered, as every one was reduced by 90%. I am happy for you and others who can move on. I will remain bitter towards this process as long as I live. There is no peace and there is no justice for those who were abused in a state where the insurance companies and Chamber of Commerce can come in to the process and block a window from opening. I no longer live in Missouri and as I watched this process and other local politics play out, moving away was a good step. Ironically, I moved to a state which is 100% open.

@thenNow I'm very happy for you. I was tier one, and reduced by 90% in Missouri (SoL). But I don't ever wish ill on anyone who benefits more than me. So, I am happy for you. Thanks for your support and the very best.

I don't have time for trolls. Here is an update from last month: https://survivingscouting.org/bankruptcy/2025-04-email-to-the-us-trustee?fbclid=IwY2xjawJdArpleHRuA2FlbQIxMQABHq1BYplGns7EEIawXnLoxIfC7WlP3b3WW1gwAinTdax4NR_hkOyx54rRsVh__aem_Qk-LecL4RoVixXdmIRtWsg

My 17 years of schooling came up with, based on these as averages, about 6% total payout from the current fund. I agree that averaging this probably won't be accurate. But it's all we have. I have heard and read wild guesstimates for future insurance settlements putting the final number at 20-50%. Should the 3rd Circuit affirm the plan, it is time for the Trust to come clean to claimants. I see guys in one group absolutely certain they are getting their $1.5M, won't listen to anybody presenting hard numbers and making all kinds of plans with it (purchases, trust funds and so on). I was very disappointed when my settlement was reduced by 90%, after initially being told that SoL would make no difference "because this is a bankruptcy". And several years ago I was still optimistic. Now, I really don't care if I never see another cent.

Thanks for the input. As with everyone else, I check daily to see if there is anything new on the 3rd Circuit. Hopefully it will be very soon. Survivors are aging out by the day.

I had read that if the Third Circuit tosses the Trust, most of us get nothing. I can't find any detail online regarding Kosnoff's plan if it is rejected. Can you elaborate?

I also voted no. As soon as I learned that my claim would be mostly wiped out by the Matrix SoL, there was no point in supporting it. Then, to make matters worse, although I submitted a lot of case law the administrator reduced the claim as much as possible. The matrix had made the state where my abuse occurred a 10-25% factor. You guessed it...she used the 10 and wouldn't begin to adjust it in "reconsideration". The whole thing is a sham.

My claim was reduced by 90%, so I'm not getting much anyway. But all this talk about claims being paid at 100% look like intentionally false statements. 50% funding would have been bad, but at least something. But this may end up at 15%. How could they possibly get it so wrong?

The appeal is pending and ruling due soon. If it is overturned, they will demand back any payments.

I would agree with your premise that the higher value claims pushed their way to the front of the line. Certainly in the Open state cases with attorney representation. The average will very likely drop. It looks like your over/under on eventual percentage to be funded is around 30%. That is more/less the number I had in mind for some time now. It would be great if the trust would be a little more transparent on this issue. Hopefully, once the appeal is cleared, that will happen. I do believe the trust had a better handle on this, all along. To indicate to victims that their cases were worth triple what they will actually receive is another gut punch. They had to have a basic idea of claim value and potential recovery. At this point, I hope they put some real money into the hands of victims, as many are aging to the point it won't much matter.

My favorite part of the oral argument was the statement referring to requiring survivors to pay back what they have received. Last I heard, only a few thousand had received anything. And my total "award" to date is far less than a single Social Security payment.

So for you super educated legal eagles: If the case at hand is dismissed, relative to the 3rd party releases and whatever else may be, can another Chapter 11 be filed? Or does it force a liquidation? Or any other possible paths?