A federal appeals court quizzed opponents and supporters of the Boy Scouts of America’s bankruptcy plan in the wake of the Supreme Court’s Purdue decision https://t.co/wVbKKGfPZB
US court reluctant to blow up Boy Scouts’ $2.46 billion sex abuse settlement https://t.co/sgylzMbs9H https://t.co/6CNnR6omVo
“US court reluctant to blow up Boy Scouts’ $2.46 billion sex abuse settlement”: Dietrich Knauth of Reuters has a report that begins, “A U.S. appeals court panel on Wednesday appeared unlikely to overturn the Boy Scouts of America’s $2.46 billion settlement https://t.co/DaJHbim2cJ
A federal appeals court is currently deliberating on the Boy Scouts of America's proposed $2.46 billion sex abuse settlement, which is part of the organization's bankruptcy plan. The court's reluctance to overturn the settlement comes amid recent legal developments, including the U.S. Trustee's objection to the Diamond Chapter 11 plan. This objection is partly based on the Supreme Court's decision to overturn the Purdue Pharma bankruptcy, which had included provisions for third parties that had not consented to the plan. The Boy Scouts have urged the court to uphold the settlement, warning that reversing the deal could cause significant harm to the organization and its stakeholders. The appeals court is actively questioning both supporters and opponents of the Boy Scouts' bankruptcy plan in light of these recent rulings.