claimants

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

Navigating the Maze: Effective Strategies to Resolve Mass Tort Claimants’ Liens

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Mass tort claimants’ liens pose challenges for individuals seeking compensation for injuries caused by a defective product or harmful medication. These liens, which serve as legal claims on any potential settlement, can make it difficult for claimants to receive the full amount they are entitled to. Therefore, it is crucial for claimants and their attorneys to navigate this complex landscape of mass tort liens effectively. In the field of personal injury law, the best practices for untangling mass tort claimants’ liens are essential for securing maximum compensation. Within the United States, there are no federal … Read more