Stay updated with breaking news from Selber Silverstein. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
—Protecting local Boy Scouts of America councils and troop sponsoring organizations from future liability for child sex abuse claims is critical to the national group’ s reorganization plan, BSA attorneys told a Delaware bankruptcy judge Tuesday. More than half that money would come from the BSA’ s two largest insurers, Century Indemnity Co. and The Hartford.
The French Creek Council, based in Summit Township and covering six counties in northwestern Pennsylvania, has agreed to pay $699,673 in cash toward the settlement fund, with no contributions of property, according to the council's executive director and records in U.S. Bankruptcy Court in Delaware, where the BSA filed for Chapter 11 reorganization in...
As the Boy Scouts of America's massive bankruptcy case moves closer to a resolution, the Scouts' Erie- area council has determined how much it will contribute to the case's central creation- an $850 million settlement that the Scouts reached with victims of child sexual abuse. The French Creek Council, based in Summit Township and covering six counties in...
To print this article, all you need is to be registered or login on Mondaq.com. On December 16, 2020, In-Shape Holdings, LLC and two affiliated debtors (together, the "Debtors" or "In-Shape") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. In-Shape Holdings, LLC is a health club operator in Stockton, CA. The company reports $50 to $100 million in assets and more than $100 million in liabilities, including a first-lien revolving credit agreement of up to $17 million and $53 million in term loans. In-Shape entered into an asset...