Bankruptcy

Key Deadline Approaches in Boy Scouts of America Bankruptcy, Affecting 82,000 Claimants

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Wilmington, Delaware — The Boy Scouts of America (BSA) is nearing a significant phase in its bankruptcy case as it approaches a key deadline this summer, aimed at resolving claims from thousands of individuals and charting a path forward for the organization. The BSA filed for Chapter 11 bankruptcy in February 2020, in an effort to manage the compensation claims related to decades of alleged abuse within the organization. Since the filing, over 82,000 claims have been registered, making it one of the largest and most complex bankruptcies of its kind. As part of the … Read more

Supreme Court Restricts Bankruptcy Shield, Impacting Opioid Settlements and Beyond

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WASHINGTON — A recent Supreme Court ruling may significantly alter the landscape for using bankruptcy to address widespread litigation. The decision against Purdue Pharma’s bankruptcy settlement highlights a shift in how courts handle claims against parties who haven’t filed for bankruptcy themselves. This change could have broad implications for companies facing mass tort litigation. Bankruptcy courts have traditionally offered several tools to aid organizations in resolving these complex lawsuits, which include cases like the large-scale settlements involving the Catholic dioceses and the Boy Scouts of America. These courts can halt ongoing litigation, providing breathing space … Read more

Judge Poised to End Giuliani’s Bankruptcy, Clearing Path for Multiple Lawsuits to Advance

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WHITE PLAINS, N.Y. — A federal bankruptcy judge indicated Wednesday he might soon dismiss the bankruptcy case involving Rudy Giuliani, former attorney to ex-President Donald Trump. This development could reactivate several lawsuits against Giuliani, including those for defamation and sexual harassment. U.S. Bankruptcy Judge Sean Lane stated he plans to decide by Friday on the requests concerning Giuliani’s financial reorganization. Giuliani, 80, sought bankruptcy protection in December following a court mandate in Washington, D.C., to pay $148 million to two Georgia election workers he erroneously accused of vote rigging during the 2020 Presidential election. The … Read more

Supreme Court Decision Shakes Up Purdue Pharma’s Bankruptcy Strategy, Impacting Future Mass Tort Litigations

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Washington, D.C. — The UXPreme Court has recently handed down a decision regarding Purdue Pharma’s bankruptcy strategy that stands to influence future legal strategies of companies embroiled in mass tort litigations. This ruling is a key development, coming amidst a noted uptick in multidistrict litigation cases, which are increasingly constituting a significant portion of the federal civil docket. Purdue Pharma, known for its production of OxyContin, has been at the center of a national controversy surrounding the opioid crisis in the United States. The firm sought bankruptcy protection as a mechanism to settle thousands of … Read more