bankruptcy News

Closing Arguments Begin in Boy Scouts Bankruptcy Case

DOVER, Del. (AP) — Following a three-week trial, a Delaware judge began hearing closing arguments Wednesday in the Boy Scouts of America bankruptcy case. Judge Laura Selber Silverstein must decide whether to approve a reorganization plan the BSA negotiated over …

Boy Scouts Victims’ Fund Unfair to Insurers, Companies Argue in Court

The Boy Scouts of America’s sexual abuse compensation fund may force insurers to make payments they can’t negotiate over, even if the claims are fraudulent, a group of the companies argued in court. Insurers, including American International Group, Liberty Mutual …

Scouts Reach Deal With Catholic Committee in BSA Bankruptcy

DOVER, Del. (AP) — A committee representing several Catholic entities in the Boy Scouts of America bankruptcy has reached a settlement with the BSA and is withdrawing its objections to its proposed reorganization plan, attorneys told a judge Friday. The …

Trial Set to Consider Approval of Boy Scouts Bankruptcy Plan

DOVER, Del. (AP) — More than two years after the Boy Scouts of America sought bankruptcy protection amid an onslaught of child sex abuse allegations, a judge will determine whether to confirm its proposed reorganization plan in a trial beginning …

Liberty Must Defend Against Lawsuits by Nassar Accusers; Coverage May Be Capped

Larry Nassar is accused of sexually assaulting hundreds of girls and young women while working with USA Gymnastics, resulting in his criminal conviction and hundreds of lawsuits that forced the organization into bankruptcy. Liberty Mutual Underwriters must defend USAG against …

Judge Greenlights J&J Strategy to Resolve Talc Lawsuits in Bankruptcy Court

Johnson & Johnson can use the bankruptcy system to resolve multibillion-dollar litigation claiming its talc products cause cancer, a U.S. judge ruled on Friday, signing off on a legal maneuver that enables the company to avoid fighting more than 38,000 …

J&J Starts Trial on Bankruptcy Case Under Attack by Congress

The controversial Johnson & Johnson bankruptcy strategy that’s drawn the ire of Congress faces a fresh trial this week, with the consumer products giant arguing that settling billions of dollars of talc liabilities in a single case is better for …

Johnson & Johnson Defends Talc Bankruptcy Strategy Called ‘Rotten’ by Cancer Plaintiffs

A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to resolve tens of thousands of claims that its baby powder and other talc-based products caused cancer. The subsidiary, LTL Management, …

Judge Delays Start of Boy Scouts Bankruptcy Plan Hearing

DOVER, Del. (AP) — The judge presiding over the Boy Scouts of America bankruptcy has delayed the start of a trial to determine whether the BSA’s reorganization plan should be confirmed after an agreement with the official committee representing more …

Inside J&J’s Secret Plan to Cap Litigation Payouts to Cancer Victims

NEW YORK — Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly cancers. The healthcare …