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Chapter 11 Announced - Part 6 - Plan 5.0/TCC Plan TBD


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Plan 5.0 https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/010161cd-594e-4b9e-8c88-a7402b49cf4d_6212.pdf

Disclosure statement for Plan 5.0 https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/1a12ff15-6275-4111-af0d-7c683fdd59f2_6213.pdf

COs are covered for abuse that took place AFTER 1975

Quote

On the Effective Date of the Plan, the Settlement Trust shall assume the liabilities,
obligations, and responsibilities, financial or otherwise, of (a) the Protected Parties for all Abuse
Claims and (b) the Limited Protected Parties for all Post-1975 Chartered Organization Abuse
Claims. Holders of Abuse Claims that are not Post-1975 Chartered Organization Abuse Claims
shall maintain the right to assert such Abuse Claims against any Limited Protected Party (unless
such Chartered Organization becomes a Contributing Chartered Organization). Likewise, any
Chartered Organization that decides not to become a Participating Chartered Organization or
Contributing Chartered Organization will not benefit from the Channeling Injunction in any
manner and will retain its respective insurance rights and liabilities with respect to Abuse Claims.

 

Edited by CynicalScouter
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This is Doug Kennedy, a member of the TCC.  First, I want to thank all of you for your comments over the past 18 months.  Your comments and those in other forums, whether I disagree with them or not,

Scouter.com is not well liked by National and believe me, while we are all scouters, we have various opinions of BSA.  I think if BSA fails, we will help build up a new scouting organization. If you w

Normally I wouldn't discuss user issues, but given his profile pic and signature I'm going to make an exception: Regardless of the impression given by his profile picture and signature line, Cyni

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Total value of Plan 5.0 is $1.88 billion and we now know what Hartford is bringing and LDS, so we can try and project some numbers.

In short, BSA's going to get its valuation of abuse claims as  $2.4 billion – $7.1 billion.

The Chartered Organizations now know what the price is to get out of liability:

The LDS payout at $250 million is a game changer. LDS has 2,430 known claims against it. As Kosnoff pointed out, over half of claims filed do NOT list the CO, so let's double that to 5000.

  • $250 million/2500 claims = $100,000
  • $250 million/5000 claims = $50,000

For other organizations like the Methodists and others, this is huge. I tried in August to estimate how much the organizations would have to pay based on what Local Councils were paying per claim ($7,000-$14,000). Now we have some more solid numbers from LDS.

Now we can try and do the math again

Unique and Timely Abuse Claim Count* by Top-20 Most Common Chartered Organizations

Chartered Organization Group

Unique & Timely Abuse Claim Count**

METHODIST CHURCH

3,760

BAPTIST CHURCH

3,157

CATHOLIC CHURCH

3,131

CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS

2,430

PRESBYTERIAN CHURCH

1,611

LUTHERAN CHURCH

1,416

ARMED FORCES***

607

EPISCOPAL CHURCH

557

AMERICAN LEGION

477

YMCA

435

VFW

369

SALVATION ARMY

242

ELKS LODGE

222

LIONS CLUB

199

BOYS AND GIRLS CLUBS

195

KNIGHTS OF COLUMBUS

157

BOYS CLUB

129

KIWANIS CLUB

108

ROTARY CLUB

88

MOOSE LODGE

75

OTHER

20,985

UNKNOWN

36,496

MISSING

5,740

Total

82,586

Methodists: $376,000,000 - $188,000,000

Catholics Church: $313,100,000 - $156,550,000

Etc.

TOTAL contributions from ALL COs (82,500) are now in the $4.15 - $8.3 billion range, if the LDS numbers are carried over.

Now, not all COs have the same assets as LDS, just like some councils will not be paying $7k per claim. But we now have a set point for how this may shake out.

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19 minutes ago, Eagle1993 said:

Exhibit C of Disclosure has every LC’s contribution listed.  

 

Local Council  Number

Local Council Name

Total  Contribution

Cash Contribution

Property  Contribution

1

Greater Alabama

3,685,328

2,364,428

1,320,900

3

AlabamaFlorida

114,311

114,311

-

4

Mobile Area

34,897

34,897

-

5

Tukabatchee Area

832,901

459,151

373,750

6

Black Warrior

767,974

687,974

80,000

10

Grand Canyon

7,007,972

2,366,672

4,641,300

11

Catalina

1,080,484

1,049,521

30,963

13

De Soto Area

130,903

130,903

-

16

Westark Area

942,308

942,308

-

18

Quapaw Area

4,616,045

4,616,045

-

23

Golden Gate Area

8,000,000

8,000,000

-

27

Sequoia

567,536

497,036

70,500

30

Southern Sierra

148,908

122,997

25,911

31

Pacific Skyline

2,905,055

2,905,055

-

32

Long Beach Area

4,262,425

2,042,425

2,220,000

33

Greater Los Angeles Area

8,000,000

5,300,000

2,700,000

35

Marin

1,030,344

1,030,344

-

39

Orange County

13,008,500

-

13,008,500

41

Redwood Empire

197,221

197,221

-

42

Piedmont

541,098

541,098

-

45

California Inland Empire

1,154,569

1,154,569

-

47

Golden Empire

1,320,000

1,320,000

-

49

San DiegoImperial

2,661,800

-

2,661,800

51

Western Los Angeles County

1,250,000

975,000

275,000

53

Los Padres

1,834,155

634,155

1,200,000

55

Silicon Valley Monterey Bay

10,000,000

7,570,000

2,430,000

57

Ventura County

325,018

325,018

-

58

Verdugo Hills

973,434

973,434

-

59

Greater Yosemite

2,200,000

-

2,200,000

60

Pikes Peak

1,718,941

1,718,941

-

61

Denver Area

6,000,000

-

6,000,000

62

Longs Peak

2,936,807

2,936,807

-

63

Rocky Mountain

11,492

11,492

-

66

Connecticut Rivers

4,083,054

4,083,054

-

67

Greenwich

802,477

802,477

-

69

Housatonic

235,901

235,901

-

70

Old North State

4,767,600

341,969

4,425,631

72

Connecticut Yankee

2,581,836

1,131,836

1,450,000

81

DelMarVa

2,241,287

2,241,287

-

82

National Capital Area

8,000,000

4,804,000

3,196,000

83

Central Florida

1,224,354

1,224,354

-

84

South Florida

3,163,180

3,163,180

-

85

Gulf Stream

1,170,000

-

1,170,000

87

North Florida

5,284,701

5,284,701

-

88

Southwest Florida

2,121,962

2,121,962

-

89

Greater Tampa Bay Area

6,052,120

1,052,120

5,000,000

91

Chattahoochee

937,997

937,997

-

92

Atlanta Area

8,000,000

8,000,000

-

93

GeorgiaCarolina

326,070

326,070

-

95

Flint River

766,174

766,174

-

96

Central Georgia

299,458

299,458

-

98

South Georgia

436,247

436,247

-

99

Coastal Georgia

2,584,395

2,584,395

-

100

Northwest Georgia

802,019

553,949

248,070

101

Northeast Georgia

2,138,766

1,947,991

190,775

104

Aloha

1,338,358

1,338,358

-

106

Mountain West

2,020,156

2,020,156

-

107

Grand Teton

1,091,207

1,091,207

-

117

Prairielands

467,331

467,331

-

127

Three Fires

1,601,000

1,601,000

-

129

Northeast Illinois

2,190,574

2,190,574

-

133

Illowa

783,586

783,586

-

138

W.D. Boyce

1,045,115

1,045,115

-

141

Mississippi Valley

989,191

989,191

-

144

Abraham Lincoln

1,568,064

1,192,064

376,000

145

Hoosier Trails

757,931

757,931

-

156

Buffalo Trace

553,341

481,841

71,500

157

Anthony Wayne Area

1,309,804

1,309,804

-

160

Crossroads of America

4,321,870

4,321,870

-

162

Sagamore

1,149,115

1,149,115

-

165

LaSalle

1,319,467

654,467

665,000

172

Hawkeye Area

446,691

446,691

-

173

Winnebago

723,157

723,157

-

177

MidIowa

2,502,671

2,502,671

-

178

Northeast Iowa

678,374

678,374

-

192

Coronado Area

856,886

856,886

-

194

Santa Fe Trail

203,382

203,382

-

197

Jayhawk Area

345,573

295,573

50,000

198

Quivira

975,000

-

975,000

204

Blue Grass

110,356

110,356

-

205

Lincoln Heritage

3,632,563

3,632,563

-

209

Calcasieu Area

442,315

442,315

-

211

Istrouma Area

680,000

-

680,000

212

Evangeline Area

167,830

167,830

-

213

Louisiana Purchase

1,167,454

1,167,454

-

214

Southeast Louisiana

1,877,632

577,632

1,300,000

215

Norwela

2,936,807

2,936,807

-

216

Katahdin Area

275,157

16,357

258,800

218

Pine Tree

904,025

904,025

-

220

Baltimore Area

4,317,564

4,317,564

-

221

MasonDixon

345,990

345,990

-

224

Cape Cod and Islands

844,020

844,020

-

227

Spirit of Adventure

3,840,767

2,338,442

1,502,325

230

Heart of New England

1,406,503

1,406,503

-

234

Western Massachusetts

664,939

664,939

-

250

Northern Star

7,223,055

6,537,055

686,000

251

Mayflower

5,035,539

5,035,539

-

283

Twin Valley

783,963

783,963

-

286

Voyageurs Area

510,201

510,201

-

296

Central Minnesota

276,941

276,941

-

299

Gamehaven

321,630

330

321,300

302

Choctaw Area

519,164

519,164

-

303

Andrew Jackson

1,512,001

955,001

557,000

304

Pine Burr Area

330,068

330,068

-

306

Ozark Trails

2,241,929

1,326,929

915,000

307

Heart of America

6,971,313

3,971,313

3,000,000

311

Pony Express

1,015,000

615,000

400,000

312

Greater St. Louis Area

7,986,838

7,986,838

-

315

Montana

3,181,676

3,181,676

-

322

Overland Trails

468,988

468,988

-

324

Cornhusker

356,000

356,000

-

326

MidAmerica

4,280,708

4,280,708

-

328

Las Vegas Area

3,385,736

3,250,736

135,000

329

Nevada Area

2,506,435

2,506,435

-

330

Daniel Webster

3,525,762

1,600,762

1,925,000

333

Northern New Jersey

3,064,566

3,064,566

-

341

Jersey Shore

386,141

386,141

-

347

Monmouth

3,170,811

1,990,811

1,180,000

358

Patriots' Path

3,704,240

1,804,199

1,900,041

364

Twin Rivers

2,595,200

2,046,700

548,500

368

BadenPowell

1,371,787

1,371,787

-

373

Longhouse

840,707

-

840,707

375

Five Rivers

831,968

21,968

810,000

376

Iroquois Trail

342,546

117,546

225,000

380

Greater Niagara Frontier

1,537,485

-

1,537,485

382

Allegheny Highlands

899,358

333,992

565,366

386

Theodore Roosevelt

3,989,485

3,989,485

-

388

Greater Hudson Valley

6,367,835

6,367,835

-

397

Seneca Waterways

8,000,000

8,000,000

-

400

Leatherstocking

4,493,457

1,093,457

3,400,000

404

Suffolk County

1,717,800

1,717,800

-

405

Rip Van Winkle

240,016

240,016

-

412

Great Southwest

116,570

116,570

-

413

Conquistador

1,950,432

1,948,098

2,334

414

Daniel Boone

656,424

656,424

-

415

Mecklenburg County

2,920,183

2,920,183

-

416

Central North Carolina

1,840,659

1,400,000

440,659

420

Piedmont

2,785,859

2,785,859

-

421

Occoneechee

1,946,429

1,013,429

933,000

424

Tuscarora

858,650

858,650

-

425

Cape Fear

1,044,895

126,895

918,000

426

East Carolina

1,940,873

1,045,873

895,000

427

Old Hickory

1,084,223

1,084,223

-

429

Northern Lights

1,915,148

1,915,148

-

433

Great Trail

3,059,259

3,059,259

-

436

Buckeye

2,614,529

1,945,529

669,000

438

Dan Beard

4,064,829

4,064,829

-

439

Tecumseh

653,395

493,395

160,000

440

Lake Erie

6,546,918

6,546,918

-

441

Simon Kenton

2,659,872

2,416,872

243,000

444

Miami Valley

1,255,126

-

1,255,126

449

Black Swamp Area

1,681,202

1,681,202

-

456

Pathway to Adventure

7,225,067

7,225,067

-

460

Erie Shores

4,161,154

4,161,154

-

467

Muskingum Valley

513,391

513,391

-

468

Arbuckle Area

572,866

572,866

-

469

Cherokee Area

315,366

315,366

-

474

Cimarron

282,652

282,652

-

480

Last Frontier

3,646,048

3,646,048

-

488

Indian Nations

2,637,142

1,972,142

665,000

491

Crater Lake

320,470

55,470

265,000

492

Cascade Pacific

10,000,000

10,000,000

-

497

Juniata Valley

421,504

421,504

-

500

Moraine Trails

1,196,485

204,485

992,000

501

Northeastern Pennsylvania

687,262

687,262

-

502

Minsi Trails

2,580,916

2,580,916

-

504

ColumbiaMontour

260,931

260,931

-

509

Bucktail

260,931

260,931

-

512

WestmorelandFayette

1,367,518

1,083,676

283,842

524

Pennsylvania Dutch

1,054,371

1,054,371

-

525

Cradle of Liberty

6,806,713

376,313

6,430,400

527

Laurel Highlands

5,972,147

5,972,147

-

528

Hawk Mountain

1,636,124

1,636,124

-

532

French Creek

699,673

699,673

-

533

Susquehanna

453,846

453,846

-

538

Chief Cornplanter

260,931

260,931

-

539

Chester County

1,559,680

1,559,680

-

544

New Birth of Freedom

2,713,971

2,713,971

-

546

Narragansett

6,440,530

6,440,530

-

549

Palmetto

165,998

165,998

-

550

Coastal Carolina

216,987

141,987

75,000

551

Blue Ridge

1,058,966

-

1,058,966

552

Pee Dee Area

889,440

264,440

625,000

553

Indian Waters

556,559

556,559

-

556

Cherokee Area

1,180,000

-

1,180,000

557

Great Smoky Mountain

1,193,687

1,088,687

105,000

558

Chickasaw

2,045,752

2,045,752

-

559

West Tennessee Area

140,520

-

140,520

560

Middle Tennessee

3,586,493

3,586,493

-

561

Texas Trails

627,654

627,654

-

562

Golden Spread

2,133,734

2,133,734

-

564

Capitol Area

4,196,142

4,196,142

-

567

Buffalo Trail

1,148,568

-

1,148,568

571

Circle Ten

7,989,824

7,989,824

-

573

Yucca

684,194

684,194

-

574

Bay Area

1,019,611

1,019,611

-

576

Sam Houston Area

7,968,144

7,968,144

-

577

South Texas

372,925

372,925

-

578

Three Rivers

802,596

802,596

-

583

Alamo Area

4,241,105

2,441,105

1,800,000

584

Caddo Area

506,208

506,208

-

585

East Texas Area

1,505,910

1,505,910

-

587

Northwest Texas

529,586

529,586

-

590

Crossroads of the West

4,413,897

3,082,897

1,331,000

592

Green Mountain

802,732

590,661

212,071

595

Colonial Virginia

347,149

347,149

-

596

Tidewater

621,354

570,769

50,585

598

Shenandoah Area

188,673

188,673

-

599

Blue Ridge Mountains

739,330

739,330

-

602

Heart of Virginia

2,067,014

1,517,014

550,000

604

Blue Mountain

673,098

98,098

575,000

606

Mount Baker

2,150,000

-

2,150,000

609

Chief Seattle

7,517,262

7,517,262

-

610

Great Alaska

579,090

579,090

-

611

Inland Northwest

164,963

164,963

-

612

Pacific Harbors

2,260,810

2,260,810

-

614

Grand Columbia

254,101

118,414

135,688

615

Mountaineer Area

527,717

416,717

111,000

617

Buckskin

1,890,783

1,890,783

-

619

Ohio River Valley

895,582

835,582

60,000

620

Glacier's Edge

615,218

615,218

-

624

Gateway Area

328,075

328,075

-

627

Samoset

744,921

714,142

30,780

635

BayLakes

2,876,230

2,876,230

-

636

Three Harbors

3,685,039

3,685,039

-

637

Chippewa Valley

411,891

411,891

-

638

Greater Wyoming

405,893

405,893

-

640

Greater New York

9,000,000

9,000,000

-

651

Potawatomi Area

560,174

560,174

-

653

Great Rivers

420,000

-

420,000

660

Blackhawk Area

1,611,059

142,059

1,469,000

661

Puerto Rico

233,059

233,059

-

662

Longhorn

1,619,485

1,619,485

-

664

Suwannee River Area

224,459

224,459

-

690

Garden State

3,890,626

2,118,437

1,772,189

691

Pushmataha Area

83,882

83,882

-

694

South Plains

755,075

755,075

-

695

Black Hills Area

160,573

160,573

-

696

Midnight Sun

1,023,336

1,023,336

-

697

Oregon Trail

3,141,676

3,141,676

-

702

Rainbow

759,968

566,968

193,000

713

Sequoyah

796,698

796,698

-

733

Sioux

524,247

524,247

-

741

Texas Southwest

221,936

221,936

-

748

Yocona Area

291,074

291,074

-

763

Virginia Headwaters

287,066

287,066

-

773

Gulf Coast

140,734

140,734

-

775

Rio Grande

562,009

562,009

-

777

Washington Crossing

1,390,180

1,390,180

-

780

Michigan Crossroads

7,983,003

5,819,003

2,164,000

802

Transatlantic

447,138

447,138

-

803

Far East

778,355

778,355

-

 

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48 minutes ago, CynicalScouter said:

The LDS payout at $250 million is a game changer. LDS has 2,430 known claims against it. As Kosnoff pointed out, over half of claims filed do NOT list the CO, so let's double that to 5000.

  • $250 million/2500 claims = $100,000
  • $250 million/5000 claims = $50,000

Now you know why COs are upset.  BSA + Councils + Hartford 

$1.637M/84,000 claims = $19.5K per claim for all three combined.

LDS alone is on the hook for double that rate.  

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I think if Judge Silverstein is watching the Purdue Pharma case, it may be a while to get to the final approval of the plan.  Judge Drain (Purdue Pharma judge) is being blasted by families (one read a 30 minute statement to him that said he was hand picked as  essentially approves releases easily and was manipulated by the Sacklers).  He is also being ripped by the US Trustee and state AGs.  Now, I'm not saying his decision was good or bad, only that he will be know for this decision and it isn't very popular.  That said, he had 95% of the claimants approved and most major parties in support.

I question if Judge Silverstein would proceed right to a claimant approval if the TCC and US Trustee objects.  I can't imagine this massive case that is granting coverage of non debtor parties going through without fully digging into why the TCC objects and determining if that is valid.  If Drain is being blasted now, what would be the fall back on Silverstein if she approved the case over the objection of her hand picked representative of claimants?  I'm sure that is in her mind and will dig into the TCC's objections (assuming they are not supporting the plan per media reports).

So ... I think once again we will see stories of plan agreed upon, etc.  Perhaps.  However, if the TCC objects we may have to wait some time.  

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19 minutes ago, Eagle1993 said:

Judge Drain (Purdue Pharma judge) is being blasted by families (one read a 30 minute statement to him that said he was hand picked as  essentially approves releases easily and was manipulated by the Sacklers).

Just wait if someone from the TCC (Kennedy is particularly articulate but not the only victim obviously) exercises their right during confirmation phase to light into the judge like that. She has thousands of abuse letters in file as it is. She cannot be so totally checked out as to think the victims statements are going to be brutal if she goes against the TCC (and even if she does there will be dissenting victims).

And as you noted the US Trustee is very keen to oppose this third party discharge aspect as it was, pre-Sacklers. 

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1 hour ago, CynicalScouter said:

The LDS payout at $250 million is a game changer. LDS has 2,430 known claims against it. As Kosnoff pointed out, over half of claims filed do NOT list the CO, so let's double that to 5000.

  • $250 million/2500 claims = $100,000
  • $250 million/5000 claims = $50,000

A couple other ways of looking at those numbers...

The number of LDS Scouts at the end of 2019 was about 400 thousand (Salt Lake Tribune article), so that's about $625 per ultimate-year boy.  That would have been almost 20 years of registration-fees at the 2019 rates, or probably fees for another 5 or 10 years as they've gone up (and will go up) since, or possibly more than the sum total of all registration fees ever paid before. It's also a fair complete-program cost (one Council camp or High Adventure trip, several weekend activities, literature, supplies, etc.) for one boy that year.

And the church had about 16 2/3 million members at the end of last year. So that's about $15.00 per man, woman, and child in the church, worldwide.; or $8029 per local congregation ("wards or branches", including those that did not ever charter a Scouting unit).

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1 hour ago, CynicalScouter said:

But we now have a set point for how this may shake out.

Let’s call it a pushpin in the cork board or a chalk line on the sidewalk. Given strong objections from state plaintiffs’ attorneys and the TCC, that per abuse claim dollar figure needs to go up. (I realize you know that. I am circuitously objecting to the use of the word “set.”) 

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Total payout from LCs = $519,588,540 vs total $1,870,754,935 net unrestricted assets = 27.8%

 

Local Council Name Total  Contribution Net Unrestricted Assets % Payout
Greater Alabama 3,685,328 5,858,141 63%
AlabamaFlorida 114,311 162,947 70%
Mobile Area 34,897 76,647 46%
Tukabatchee Area 832,901 3,625,053 23%
Black Warrior 767,974 2,273,695 34%
Grand Canyon 7,007,972 9,582,089 73%
Catalina 1,080,484 2,930,433 37%
De Soto Area 130,903 734,154 18%
Westark Area 942,308 1,737,613 54%
Quapaw Area 4,616,045 12,824,556 36%
Golden Gate Area 8,000,000 10,325,190 77%
Sequoia 567,536 9,912,453 6%
Southern Sierra 148,908 -249,930 -60%
Pacific Skyline 2,905,055 7,927,061 37%
Long Beach Area 4,262,425 5,122,574 83%
Greater Los Angeles Area 8,000,000 31,726,269 25%
Marin 1,030,344 3,474,055 30%
Orange County 13,008,500 38,005,058 34%
Redwood Empire 197,221 1,412,193 14%
Piedmont 541,098 5,544,891 10%
California Inland Empire 1,154,569 2,893,220 40%
Golden Empire 1,320,000 6,551,803 20%
San DiegoImperial 2,661,800 -566,856 -470%
Western Los Angeles County 1,250,000 9,690,805 13%
Los Padres 1,834,155 14,453,991 13%
Silicon Valley Monterey Bay 10,000,000 33,397,061 30%
Ventura County 325,018 1,437,344 23%
Verdugo Hills 973,434 6,230,000 16%
Greater Yosemite 2,200,000 3,753,019 59%
Pikes Peak 1,718,941 5,605,495 31%
Denver Area 6,000,000 21,140,913 28%
Longs Peak 2,936,807 4,722,329 62%
Rocky Mountain 11,492 659,135 2%
Connecticut Rivers 4,083,054 6,164,604 66%
Greenwich 802,477 8,182,865 10%
Housatonic 235,901 1,224,069 19%
Old North State 4,767,600 10,589,939 45%
Connecticut Yankee 2,581,836 4,716,717 55%
DelMarVa 2,241,287 12,402,191 18%
National Capital Area 8,000,000 33,820,605 24%
Central Florida 1,224,354 8,604,279 14%
South Florida 3,163,180 14,275,784 22%
Gulf Stream 1,170,000 3,129,806 37%
North Florida 5,284,701 7,459,145 71%
Southwest Florida 2,121,962 7,997,609 27%
Greater Tampa Bay Area 6,052,120 18,192,495 33%
Chattahoochee 937,997 6,082,594 15%
Atlanta Area 8,000,000 58,149,032 14%
GeorgiaCarolina 326,070 1,786,314 18%
Flint River 766,174 6,970,107 11%
Central Georgia 299,458 1,392,435 22%
South Georgia 436,247 1,952,636 22%
Coastal Georgia 2,584,395 17,382,082 15%
Northwest Georgia 802,019 1,600,467 50%
Northeast Georgia 2,138,766 6,396,650 33%
Aloha 1,338,358 5,975,712 22%
Mountain West 2,020,156 7,578,672 27%
Grand Teton 1,091,207 6,775,425 16%
Prairielands 467,331 2,252,777 21%
Three Fires 1,601,000 2,454,029 65%
Northeast Illinois 2,190,574 8,230,332 27%
Illowa 783,586 3,364,933 23%
W.D. Boyce 1,045,115 3,004,490 35%
Mississippi Valley 989,191 3,795,781 26%
Abraham Lincoln 1,568,064 2,458,695 64%
Hoosier Trails 757,931 1,968,860 38%
Buffalo Trace 553,341 2,586,680 21%
Anthony Wayne Area 1,309,804 3,604,204 36%
Crossroads of America 4,321,870 24,178,049 18%
Sagamore 1,149,115 4,861,534 24%
LaSalle 1,319,467 5,790,020 23%
Hawkeye Area 446,691 1,100,691 41%
Winnebago 723,157 2,670,485 27%
MidIowa 2,502,671 16,033,550 16%
Northeast Iowa 678,374 2,452,014 28%
Coronado Area 856,886 2,710,907 32%
Santa Fe Trail 203,382 762,886 27%
Jayhawk Area 345,573 1,777,238 19%
Quivira 975,000 4,157,657 23%
Blue Grass 110,356 1,520,150 7%
Lincoln Heritage 3,632,563 12,521,252 29%
Calcasieu Area 442,315 2,310,197 19%
Istrouma Area 680,000 2,688,810 25%
Evangeline Area 167,830 243,363 69%
Louisiana Purchase 1,167,454 4,170,751 28%
Southeast Louisiana 1,877,632 5,729,971 33%
Norwela 2,936,807 12,640,310 23%
Katahdin Area 275,157 386,682 71%
Pine Tree 904,025 3,651,504 25%
Baltimore Area 4,317,564 12,242,788 35%
MasonDixon 345,990 3,737,266 9%
Cape Cod and Islands 844,020 4,903,912 17%
Spirit of Adventure 3,840,767 8,058,233 48%
Heart of New England 1,406,503 1,876,850 75%
Western Massachusetts 664,939 1,514,624 44%
Northern Star 7,223,055 45,643,422 16%
Mayflower 5,035,539 22,562,733 22%
Twin Valley 783,963 3,706,565 21%
Voyageurs Area 510,201 1,210,218 42%
Central Minnesota 276,941 2,483,885 11%
Gamehaven 321,630 1,393,364 23%
Choctaw Area 519,164 3,394,222 15%
Andrew Jackson 1,512,001 1,519,057 100%
Pine Burr Area 330,068 2,911,447 11%
Ozark Trails 2,241,929 5,368,753 42%
Heart of America 6,971,313 18,738,579 37%
Pony Express 1,015,000 4,430,970 23%
Greater St. Louis Area 7,986,838 31,740,144 25%
Montana 3,181,676 33,748,789 9%
Overland Trails 468,988 1,325,334 35%
Cornhusker 356,000 3,827,718 9%
MidAmerica 4,280,708 8,289,589 52%
Las Vegas Area 3,385,736 4,968,407 68%
Nevada Area 2,506,435 9,478,814 26%
Daniel Webster 3,525,762 10,286,304 34%
Northern New Jersey 3,064,566 6,863,268 45%
Jersey Shore 386,141 1,120,096 34%
Monmouth 3,170,811 10,212,112 31%
Patriots' Path 3,704,240 7,830,214 47%
Twin Rivers 2,595,200 4,229,406 61%
BadenPowell 1,371,787 4,015,196 34%
Longhouse 840,707 1,581,633 53%
Five Rivers 831,968 2,972,059 28%
Iroquois Trail 342,546 283,246 121%
Greater Niagara Frontier 1,537,485 3,346,922 46%
Allegheny Highlands 899,358 2,113,548 43%
Theodore Roosevelt 3,989,485 9,905,508 40%
Greater Hudson Valley 6,367,835 11,731,515 54%
Seneca Waterways 8,000,000 11,797,728 68%
Leatherstocking 4,493,457 11,828,471 38%
Suffolk County 1,717,800 1,329,216 129%
Rip Van Winkle 240,016 121,824 197%
Great Southwest 116,570 1,275,497 9%
Conquistador 1,950,432 2,700,824 72%
Daniel Boone 656,424 7,829,640 8%
Mecklenburg County 2,920,183 11,248,480 26%
Central North Carolina 1,840,659 5,199,820 35%
Piedmont 2,785,859 9,801,687 28%
Occoneechee 1,946,429 6,056,221 32%
Tuscarora 858,650 1,365,311 63%
Cape Fear 1,044,895 5,557,337 19%
East Carolina 1,940,873 5,040,234 39%
Old Hickory 1,084,223 5,253,957 21%
Northern Lights 1,915,148 13,766,368 14%
Great Trail 3,059,259 9,525,356 32%
Buckeye 2,614,529 6,322,015 41%
Dan Beard 4,064,829 13,233,734 31%
Tecumseh 653,395 2,799,022 23%
Lake Erie 6,546,918 11,269,256 58%
Simon Kenton 2,659,872 8,647,700 31%
Miami Valley 1,255,126 5,399,371 23%
Black Swamp Area 1,681,202 7,775,738 22%
Pathway to Adventure 7,225,067 15,824,269 46%
Erie Shores 4,161,154 22,222,575 19%
Muskingum Valley 513,391 2,934,099 17%
Arbuckle Area 572,866 4,618,434 12%
Cherokee Area 315,366 5,014,481 6%
Cimarron 282,652 1,932,008 15%
Last Frontier 3,646,048 6,594,443 55%
Indian Nations 2,637,142 28,426,208 9%
Crater Lake 320,470 681,197 47%
Cascade Pacific 10,000,000 34,421,289 29%
Juniata Valley 421,504 1,893,688 22%
Moraine Trails 1,196,485 6,858,072 17%
Northeastern Pennsylvania 687,262 2,988,316 23%
Minsi Trails 2,580,916 6,716,274 38%
ColumbiaMontour 260,931 675,522 39%
Bucktail 260,931 520,567 50%
WestmorelandFayette 1,367,518 1,621,221 84%
Pennsylvania Dutch 1,054,371 5,329,855 20%
Cradle of Liberty 6,806,713 14,249,730 48%
Laurel Highlands 5,972,147 23,961,119 25%
Hawk Mountain 1,636,124 6,589,184 25%
French Creek 699,673 2,525,616 28%
Susquehanna 453,846 2,649,064 17%
Chief Cornplanter 260,931 417,106 63%
Chester County 1,559,680 6,856,711 23%
New Birth of Freedom 2,713,971 7,383,106 37%
Narragansett 6,440,530 18,836,603 34%
Palmetto 165,998 442,822 37%
Coastal Carolina 216,987 317,720 68%
Blue Ridge 1,058,966 4,681,093 23%
Pee Dee Area 889,440 2,207,773 40%
Indian Waters 556,559 1,296,106 43%
Cherokee Area 1,180,000 1,947,397 61%
Great Smoky Mountain 1,193,687 5,869,902 20%
Chickasaw 2,045,752 4,733,366 43%
West Tennessee Area 140,520 135,786 103%
Middle Tennessee 3,586,493 20,264,491 18%
Texas Trails 627,654 1,567,414 40%
Golden Spread 2,133,734 8,879,958 24%
Capitol Area 4,196,142 45,026,850 9%
Buffalo Trail 1,148,568 2,331,639 49%
Circle Ten 7,989,824 1,828,738 437%
Yucca 684,194 1,572,425 44%
Bay Area 1,019,611 2,643,449 39%
Sam Houston Area 7,968,144 88,569,253 9%
South Texas 372,925 4,777,870 8%
Three Rivers 802,596 1,071,295 75%
Alamo Area 4,241,105 15,476,476 27%
Caddo Area 506,208 2,309,301 22%
East Texas Area 1,505,910 3,605,254 42%
Northwest Texas 529,586 1,551,351 34%
Crossroads of the West 4,413,897 36,894,524 12%
Green Mountain 802,732 1,652,225 49%
Colonial Virginia 347,149 581,632 60%
Tidewater 621,354 861,184 72%
Shenandoah Area 188,673 902,224 21%
Blue Ridge Mountains 739,330 2,199,821 34%
Heart of Virginia 2,067,014 6,509,720 32%
Blue Mountain 673,098 510,479 132%
Mount Baker 2,150,000 7,795,644 28%
Chief Seattle 7,517,262 33,363,479 23%
Great Alaska 579,090 6,710,102 9%
Inland Northwest 164,963 118,020 140%
Pacific Harbors 2,260,810 5,353,855 42%
Grand Columbia 254,101 2,956,830 9%
Mountaineer Area 527,717 3,466,293 15%
Buckskin 1,890,783 9,024,883 21%
Ohio River Valley 895,582 2,925,194 31%
Glacier's Edge 615,218 3,107,723 20%
Gateway Area 328,075 1,295,142 25%
Samoset 744,921 4,149,307 18%
BayLakes 2,876,230 12,448,113 23%
Three Harbors 3,685,039 17,038,431 22%
Chippewa Valley 411,891 4,663,116 9%
Greater Wyoming 405,893 2,035,401 20%
Greater New York 9,000,000 10,041,590 90%
Potawatomi Area 560,174 2,395,254 23%
Great Rivers 420,000 2,031,475 21%
Blackhawk Area 1,611,059 5,023,665 32%
Puerto Rico 233,059 6,883,357 3%
Longhorn 1,619,485 6,059,764 27%
Suwannee River Area 224,459 -238,956 -94%
Garden State 3,890,626 9,300,738 42%
Pushmataha Area 83,882 415,595 20%
South Plains 755,075 583,361 129%
Black Hills Area 160,573 664,784 24%
Midnight Sun 1,023,336 2,126,874 48%
Oregon Trail 3,141,676 8,408,697 37%
Rainbow 759,968 3,812,852 20%
Sequoyah 796,698 4,270,519 19%
Sioux 524,247 1,496,185 35%
Texas Southwest 221,936 916,498 24%
Yocona Area 291,074 863,638 34%
Virginia Headwaters 287,066 217,980 132%
Gulf Coast 140,734 -292,475 -48%
Rio Grande 562,009 1,906,030 29%
Washington Crossing 1,390,180 3,906,611 36%
Michigan Crossroads 7,983,003 25,109,723 32%
Transatlantic 447,138 966,036 46%
Far East 778,355 2,886,174 27%
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13 minutes ago, ThenNow said:

(I realize you know that. I am circuitously objecting to the use of the word “set.”) 

Point well taken. And as you note, the point may move, shift, or change. But for the first time we've got SOME mark to judge all other things based on. It is the first real data point on COs we've seen.

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48 minutes ago, Eagle1993 said:

I think if Judge Silverstein is watching the Purdue Pharma case, it may be a while to get to the final approval of the plan.  Judge Drain (Purdue Pharma judge) is being blasted by families (one read a 30 minute statement to him that said he was hand picked as  essentially approves releases easily and was manipulated by the Sacklers).  He is also being ripped by the US Trustee and state AGs.  Now, I'm not saying his decision was good or bad, only that he will be know for this decision and it isn't very popular.  That said, he had 95% of the claimants approved and most major parties in support.

I question if Judge Silverstein would proceed right to a claimant approval if the TCC and US Trustee objects.  I can't imagine this massive case that is granting coverage of non debtor parties going through without fully digging into why the TCC objects and determining if that is valid.  If Drain is being blasted now, what would be the fall back on Silverstein if she approved the case over the objection of her hand picked representative of claimants?  I'm sure that is in her mind and will dig into the TCC's objections (assuming they are not supporting the plan per media reports).

So ... I think once again we will see stories of plan agreed upon, etc.  Perhaps.  However, if the TCC objects we may have to wait some time.  

I hope Judge Silverstein is also reviewing USA Gymnastics settlement and reorganization. IMHO I see little real organizational change in the BSA. New boss is the old boss.

 

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1 minute ago, Eagle1993 said:

Total payout from LCs = $519,588,540 vs total $1,870,754,935 net unrestricted assets = 27.8%

Beat me to it by about 20 minutes. I was cutting and pasting from the PDF as fast as I could and I was looking at TOTAL Net assets (rather than net unrestricted).

 

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4 minutes ago, RememberSchiff said:

I hope Judge Silverstein is also reviewing USA Gymnastics settlement and reorganization. IMHO I see little real organizational change in the BSA. New boss is the old boss.

The problem is no one has asked for it. In USA Gymnastics the victims demanded the entire board resign, organizational and structural changes, etc.

No one has so far filed ANYTHING about demanding changes to BSA National's internal structure. And I doubt the judge is sua sponte going to demand, for example, the NEB be reduced down to 12.

The TCC's demands have all been focused on a single aspect: sexual abuse claims of the past (IV Files released) and the future (committee to review YP, independent expert brought in to review, etc.)

No one has even mentioned the massively bloated Board.

Edited by CynicalScouter
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3 minutes ago, CynicalScouter said:

Beat me to it by about 20 minutes. I was cutting and pasting from the PDF as fast as I could and I was looking at TOTAL Net assets (rather than net unrestricted).

 

That is another good look.  I took the most optimistic (in terms of claimants) aspect of payouts.  Assuming that every council is 100% correct on their net unrestricted assets.  It would be good to see the total asset look as well.  Obviously there are many other factors (like SOLs, # of claims) that could be factored in the payout by council.

Edited by Eagle1993
typo
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