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Chapter 11 announced - Part 14 - Plan Effective


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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.  

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  • 4 weeks later...
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. 

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Posted (edited)
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 by RememberSchiff
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  • 2 weeks later...

Sent on behalf of Alison Schuler, Chair of the Bankruptcy Task Force and National Executive Board Member, and Joseph Zirkman, Executive Vice President and General Counsel of Scouting America.

 

Today, the United States Court of Appeals for the Third Circuit dismissed the widest ranging appeals of the Bankruptcy Court’s plan confirmation order, which were filed by a small group of dissenting claimants and holdout insurance companies. The Court’s decision is a resounding victory for survivors of historical abuse in Scouting, and it is the culmination of more than five years of tireless efforts by survivors, Scouting America, Local Councils, Chartered Organizations, settling insurance companies, and other stakeholders to equitably compensate survivors and preserve the mission of Scouting.

 

By dismissing these appeals, the Court has assured survivors that the Settlement Trust established under BSA’s plan can continue its essential work of providing financial compensation to survivors. The overall settlement fund for abuse claims is valued at $2.4 billion with the opportunity for additional contributions by numerous other parties, including the BSA’s insurers that have not yet settled. Since it was established in April 2023, the Trust has distributed more than $138 million to approximately 20,000 survivors. Today’s decision ensures that the Trust’s work can continue without interruption.

 

The decision also ensures that the organization can continue its mission of preparing young men and women to become responsible, participating citizens and leaders guided by the Scout Oath and Law. On February 8, 2025, on its 115th anniversary, the organization officially became Scouting America, reflecting its ongoing commitment to welcome every youth and family in America to experience the benefits of Scouting. More than a million young men and women currently participate in Scouting America’s programs, affirming the importance of Scouting and its values-based programs to American life.

 

Yours in Scouting,

 

Alison Schuler

Chair of the Bankruptcy Task Force and National Executive Board Member

 

Joseph Zirkman

Executive Vice President / General Counsel

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19 hours ago, ThenNow said:

Please hold hope and carry on all of you survivor claimants, my friends and fellows, still out here with me.

Thank you so much for your update. I have thought of you often these past few years wondering how you were doing. I am glad to hear you are alive and kicking.

Personally, I am still in the waiting period to hear the value of my claim. I decided not to ask for access to look at the progress thru the portal as I believe it might trigger some anxiety. Instead, I have continued to work to keep myself busy and of course to make a few shekels. I am definitely ready for this phase to be over with so I can roughly plan the next decade or more of my life. 

I want to thank you for helping me feel like there was someone else riding shotgun with me in the first couple of years of this process. You will always hold a special place in my heart.

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12 hours ago, mrjohns2 said:

@ThenNow Thank you for sharing the darkest moments anyone can imagine, but in the post, and in past ones. It provides perspective that many don't have. I kept wondering what you were thinking and if you had sworn off this site for good. Keep on, keeping on.

Nah. I hadn't sworn off just signed off while occasionally lurking off set. I was in and out reading updates but had nothing to say as the appeals processes and my claim review were grinding away. 

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On 5/18/2025 at 2:22 PM, ThenNow said:

Wee. I have been validated. More balloons, streamers, cupcakes, pink punch and party favors? 

In fairness, I need to set aside my typical schtick and sarcastic banter for a second. I have a hard time grasping that there is no way I will ever know the folks who waded through and assessed my case and the massive sets of documents. At the core of me, I have must say to all that I am grateful. Grateful they spent the time. Grateful they were the ones assigned to my case. Grateful they believed me. When the words in the letter hit me, I realized I had been holding my breath since February 18, 2020. The racking sobbing I did on my wife's shoulder testified to that. And, I say again, whoever you are, however many of you there are, I am grateful for the 'verdict' you returned. Likewise, I am very sad for any who do not have the chance to exhale. Deeply sad.

-The End

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