Chapter 11 announced - Part 14 - Plan Effective

[Eagle1993]

14 hours ago, clbkbx said:

Just passed the five-months-from-oral-arguments that the Trustee’s indicated was the average time for a ruling from the Sixth Circuit. 
 

https://scoutingsettlementtrust.my.salesforce.com/sfc/p/#Dp0000016pkB/a/Uu000002c92j/T9hQYKF8KkVWWap2jPhb24vEUq0JduWSxLZZcZOAydk

I wonder if the length of time indicates which way they are leaning.  

[clbkbx]

On 4/3/2025 at 3:53 PM, clbkbx said:

April 1 update: average $534,599 per TDP claim.

May 1 update: average $557,053 per TDP claim.

• For the TDP, 47% claims determined and 25% paid (14,285 paid, 58,103 claims)
• For the IRO, 20% claims determined and 6% paid (14 paid, 217 claims) 

If the Trust were to stop here, just based on claims paid amounts (not determined), they would need just shy of $8B. I think that is getting near the max amount if all insurance companies settle. 

The average claim has increased each month (from last month, an increase of 4.2%, so above the COLA which I don't believe was applied the entire month). The COLA incurred to date (based on paid claims) is $190MM, but likely none of that will be realized in any way, it's just going through the motions. 

[RememberSchiff]

On 4/6/2025 at 1:36 PM, RememberSchiff said:

The LA abuse settlement still needs to be approved by both the county claims board and county supervisors, is a billion dollars more than what county officials had anticipated as the worst-case scenario to resolve a flurry of lawsuits — and far more than other organizations notorious for allowing unchecked sex abuse have paid victims.

Much more at source:

https://www.latimes.com/california/story/2025-04-04/in-unprecedented-payout-l-a-county-settles-sex-abuse-claims-for-4-billion

Update April 29, 2025: LA County Supervisors approved settlement which become the largest abuse settlement in US.

https://www.cbsnews.com/losangeles/news/la-county-unanimously-approves-4-billion-sexual-abuse-settlement/

Edited 2 hours ago by RememberSchiff