Chapter 11 announced - Part 14 - Plan Effective

[Eagle1970]

On 6/13/2025 at 11:51 AM, MYCVAStory said:

Well.....if you want to see this move ahead, it's nice when there's a bit of good news.  The Circuit declined the en banc appeal:

Docket Text:
ORDER (CHAGARES, Chief Judge, SHWARTZ, KRAUSE, RESTREPO, BIBAS, PORTER, MATEY, PHIPPS, FREEMAN, MONTGOMERY-REEVES, CHUNG and RENDELL*, Circuit Judges) denying Petition En Banc and for Panel Rehearing filed by Appellant Lujan Claimants. Krause, Authoring Judge.[*Judge Rendell’s vote is limited to panel rehearing only.] (SB)

So.....the appellants now only have one recourse left, a hearing before the Supreme Court.  If they take it that far a couple things to note.  One, SCOTUS rules relatively quickly whether they will put it on their docket.  Two, it would be unusual for them to take this on after the Circuit had a unanimous decision and then refused a full circuit review.

 

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.

[BadChannel70]

6 minutes ago, Eagle1970 said:

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.

They have 90 days to appeal to SCOTUS which I believe expires on/around 9-11-2025. They could repeat like the "en banc" appeal and file on the very last day causing further delay. However, the consensus seems to be SCOTUS will reject their appeal, if filed. 

Based on the latest information from the Trust on claims processing, matrix and IRO claims could be completed by December 2025 (at least in terms of evaluation and award determinations). I would think a second disbursement would not occur until early 2026. I am sure the Trust has a lot of data collected on claims and could possibly have a 2nd disbursement before 2026, but until the SCOTUS appeal is fully resolved, that for sure is going to delay a 2nd disbursement. 

[Tron]

On 6/7/2025 at 11:48 AM, skeptic said:

It is and has been "sad", as the entire fiasco not only has made so many suffer, with long term emotional effects long past the itiital trauma, but it also has made it obvious to me how warped our entire society really is, and how much seems totally beyond control of logical responses, and a complete rehabilitation.  We all carry our personal issues, much that few if any ever see, though may sense.  So, know it is sadness about which I cringe, and sadness that the human species can be so warped and pathological, using other people's trauma for personal gain in the guise of real caring.  As noted many times, I can only pray for you and others in the suvivor/victim pool find some closure, even knowing it will never be complete, at least not in our current lives.  

 

I am not sure what you expected. So many of the legal teams involved were also involved with the Catholic Church lawsuits. The law has changed a little between then and now but this lawsuit followed the exact same playbook. Most forms of law are designed to just leech wealth out of the rest of society and put it in the pockets of lawyers; most of the law is written through case law not real law, only they know it, most are never given their day or moment in court to make their appeal. Vampires of society getting rich off of other peoples pain. 

[Tron]

The settlement fund is 2.4 billion; the way a settlement matrix works is in every case is the total payout cannot exceed the fund. There is 1.4 billion in the fund right now with about 1 billion pending (the settlement defendant holdouts, expected property sales, etc ... ). People will get paid out on a percentage of the total fund scored against the other plaintiffs. Where are these crazy large fund numbers above 2.4 billion originating from? Are the lawyers pumping up people still?

I expect that all of the lawyers involved will file at the last possible moment to keep this going the longest possible, simply to be able to drag out billing and sucking as much money away from the victims to their own accounts. 

[clbkbx]

On 6/13/2025 at 10:20 AM, clbkbx said:

June 1 update

July 1 update: average $574,579 per TDP claim. [Still going up, could it be from the inflation increase?]

• For the TDP, 60% claims determined and 34% paid (19,778 paid)
• For the IRO, 33% claims determined and 14% paid (28 paid) 

Without factoring in non-Matrix IRO payments, it's settling in around $33B needed to be fully funded. The Trust of course, having determined 63% of the claims, could probably give a better estimate. 

If they keep on the pace of 5% of all claims determined each month, just seven more months plus or minus to be finished.

 

[Tron]

On 7/2/2025 at 8:33 PM, clbkbx said:

July 1 update: average $574,579 per TDP claim. [Still going up, could it be from the inflation increase?]

• For the TDP, 60% claims determined and 34% paid (19,778 paid)
• For the IRO, 33% claims determined and 14% paid (28 paid) 

Without factoring in non-Matrix IRO payments, it's settling in around $33B needed to be fully funded. The Trust of course, having determined 63% of the claims, could probably give a better estimate. 

If they keep on the pace of 5% of all claims determined each month, just seven more months plus or minus to be finished.

 

Again, where is this number really coming from? There is 2.4 billion period; where are you getting this other 40ish billion? Are you trolling? What is going on here ?

[johnsch322]

18 minutes ago, Tron said:

Again, where is this number really coming from? There is 2.4 billion period; where are you getting this other 40ish billion? Are you trolling? What is going on here ?

The trust is going after the non settling insurers but there still won’t be enough to fully fund.