claimants

Attention KinderCare Investors: Legal Action Looms as Former AG Urges Claimants with $100k+ Losses to Step Forward

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New Orleans, Louisiana — Former Louisiana Attorney General Charles C. Foti Jr. has issued a reminder to investors who have lost more than $100,000 in KinderCare Education, urging them to consider joining a class action lawsuit against the company. The deadline for investors wishing to serve as lead plaintiffs is approaching. Investors who purchased shares before the company’s initial public offering (IPO) in May and between May 15, 2020, and October 6, 2022, may be eligible to participate in the legal proceedings. The class action alleges that KinderCare misled investors regarding its financial stability and … Read more

Tehum Care Services Emerges from Bankruptcy with Unprecedented Settlement Plan, Offering Claimants a Path to Assert Rights

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Houston, Texas — Tehum Care Services Inc., a healthcare provider for inmates, has received court approval to emerge from bankruptcy through a unique personal injury settlement. This reorganization enables claimants, including incarcerated individuals, to opt out of a $75 million settlement and pursue potentially larger awards for alleged inadequate medical care in state courts. The decision allows numerous claimants, particularly those pursuing personal injury and wrongful death lawsuits, to maintain their legal rights against Tehum’s parent company, Corizon Health Inc., and affiliate YesCare Corp. This marks a significant shift from the typical Texas Two-Step legal … Read more

Korean Claimants Lose Appeal Over Missed $2 Billion Settlement Checks Deadline, Sixth Circuit Upholds Rigid Enforcement

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Seoul, South Korea – In a notable development involving international law and bankruptcy claims, around 200 Korean claimants recently failed to cash their settlement checks, missing the set 180-day deadline stipulated by the $2 billion Dow Corning Settlement Trust. This misstep marked their fifth unsuccessful attempt to meet the deadline, essential for claiming their part in the settlement. The Dow Corning Settlement Trust, affirmed by the Bankruptcy Court for the Eastern District of Michigan in 1999, includes a clause requiring the cashing of checks within a 180-day period to avoid forfeiture. Despite these clear terms, … Read more

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