Bankruptcy

Breaking: Otterbourg Announces Groundbreaking Mass Tort Bankruptcy Practice Group to Transform Legal Landscape

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NEW YORK, NY – Otterbourg, a law firm based in New York City, has announced the establishment of their Mass Tort Bankruptcy Practice Group. This move highlights their commitment to providing specialized legal services in the field of mass tort bankruptcies. With the growing number of mass tort cases and bankruptcies in recent years, this new practice group aims to assist clients in navigating the complex legal landscape. The Mass Tort Bankruptcy Practice Group at Otterbourg will focus on representing both individual and corporate clients who are involved in mass tort bankruptcies. This includes assisting … Read more

Landmark $2.5 Billion Bankruptcy Settlement Empowers 82,000 Childhood Sexual Abuse Survivors

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San Francisco, California – More than 82,000 survivors of childhood sexual abuse have finally obtained justice after reaching a historic $2.5 billion bankruptcy settlement with the Boy Scouts of America and related entities. This resolution, achieved after years of pain and waiting, marks a significant milestone for the survivors. The settlement comes as a result of the Boy Scouts’ decision to file for bankruptcy in 2020, in an effort to address the massive wave of lawsuits accusing the organization of covering up rampant sexual abuse. These allegations have haunted the Boy Scouts for decades, tarnishing … Read more

Otterbourg P.C. Launches Mass Tort Bankruptcy Practice Group to Navigate Complex Cases

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New York City, NY – Otterbourg P.C. has officially announced the launch of its Mass Tort Bankruptcy Practice Group. The group, which had previously functioned informally within the firm, has now solidified its position as a key practice area. The practice group will offer guidance and representation to creditors and fiduciaries involved in bankruptcies with substantial mass tort liabilities. Led by Bankruptcy and Restructuring Partner Sunni P. Beville and Litigation Partner Adam C. Silverstein, the cross-departmental practice group will benefit from the expertise of Melanie Cyganowski, retired Chief Judge of the Bankruptcy Court for the … Read more

Examining the Debate: Should Mass Tort Cases be Handled in Bankruptcy Court?

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WASHINGTON, D.C. – The debate over whether mass torts should be handled in bankruptcy court has gained significant attention. One recent example is the Boy Scouts of America, which faced tens of thousands of claims of child sexual abuse dating back several decades. Fearing the potential end of its operations, the organization filed for bankruptcy in 2020. Now, the proposed terms of the Boy Scouts’ bankruptcy settlement could prevent survivors from seeking justice in other courts, regardless of whether they agree to the deal. The U.S. Supreme Court is currently considering the permissibility of such … Read more