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clbkbx

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clbkbx last won the day on March 11 2022

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About clbkbx

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  1. It’s so odd to me that we have not heard anything from the TCC in a long time. I emailed them a few weeks ago and wrote: it’s been a month since the ruling, you’ve noted in the past that you’ve been locked out of negotiations, we are interested in what you think about the ruling, can we get an update? No response.
  2. Not certain this answers your question but you might look at the role of the Future Claimant’s Representative. They (at least) represent people who haven’t filed a claim due to age or repressed memories.
  3. That is how the Settlement Trust Contribution payout timeline is determined.
  4. There is a Settlement Trust Contribution from BSA that includes a note, cash, artwork, oil & gas leases, etc. (+/- $250 million is the most recent estimate I can find... not sure if that has been updated). After that is paid there is a Settlement Growth Payment (see #267 in the most recent plan), which I believe is what you are referencing. Up to $100 million additional based on membership rates above 1.5 million scouters or 0.5 million volunteers. The $100 million would be realized if they have 5.5% annual growth.
  5. This is just what I wanted to know… is there a normal ratio of expenses to settlement amount? From what I’ve read and this discussion, it seems to vary quite a bit.
  6. What’s a few zeros at this point?! You are, of course correct. It was something around $500 million.
  7. Hi @fred8033... to the first question, I only know that's broken down in the filings including the by-firm table that was posted above which gives a good overall sense. I thought that in your initial post you were saying something along the lines of: an entity pays X fees to get to Y settlement (basically, what is BSA going to pay out of pocket to get through bankruptcy) and that X is normally 25-30% of Y. It seems like I might have been mistaken. For the second part, I think we are saying the same thing. The BSA is putting a certain amount ($500k iirc) into the Trust regardless of
  8. Thanks @fred8033. I didn't think the bottom two should be included when weighing the typical range but, like I said, I haven't been able to find any good reference for that. Administration is estimated around 10% and lawyer contingency fees are typically around 30% so right away you're at 40% not being paid out to survivors (assuming most are being represented by counsel). The BSA costs always seem to me to be about it's continued viability. They're not adding or subtracting to the amount they put into the Trust based on what it takes to get through bankruptcy.
  9. I've often wondered this (what is a typical fee to settlement ratio) and never found a good source. If the above is normal, wouldn't the fees in this case be about 50% less than normal? $2.7B x 0.25 = $675MM and $2.7B x 0.3 = $810MM. Currently at $368MM. (BTW, I'm not a lawyer!)
  10. Revised plan filed. Redline here: https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/7f73fba1-1980-4766-a6b3-d80e203fd73f_10263.pdf
  11. Thanks. Two comments on the article. 1. I thought the case was going to be appealed. This article says it’s uncertain. I wonder if that’s just because of where the case is or if it not being appealed is a possible outcome. 2. One of the interviewees said “For some victims it’s a great result,” which is something I haven’t heard from anyone. Is there a scenario where someone is getting a great outcome?
  12. The TCC today posted a "preliminary statement" at tccbsa.com.
  13. I was wrong about this. The most recent version includes related entities.
  14. I'm going to look at this again, but fairly certain the Bates report is only appropriate for a BSA-only approach. Basically, they said the historical settlement amounts were allocated as percentages to BSA National, LC's, CO's and others. Then they took the BSA National portion as the basis. But the LC's and CO's are being released.
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