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Hartford did not immediately return a request for comment. Industry Insight. Lawyers for the Boy Scouts, the insurers and victims of abuse are expected to appear before Silverstein on Aug. Maria Chutchian reports on corporate bankruptcies and restructurings. The ruling by U. Bankruptcy Judge Laurie Selber Silverstein of Delaware will enable the Boy Scouts to move ahead with a proposed reorganization plan that would allow the group to exit bankruptcy by the end of the year. Industry Insight To mitigate threats, GCs need to focus on corruption risk as offices reopen August 17, Industry Insight Small law firm innovations come from the most unlikely places August 16, Industry Insight Compelling Need: What legal tech should be on your radar?
Read our Editor's note on how we're helping professionals make smart decisions. Century declined to comment on the judge's ruling.
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Welcome to the Reuters. Maria Chutchian Maria Chutchian reports on corporate bankruptcies and restructurings.
Unless the Boy Scouts reach a resolution with the insurers, they are likely to fight over the final bankruptcy plan. August 12, We are improving this feature as we continue to test and develop in beta. About 82, sex abuse claims have been filed against the Boy Scouts.
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Hartford Financial Services Group Inc. See all. Founded inthe Boy Scouts filed for Chapter 11 bankruptcy protection in February after being hit with a flood of sexual abuse lawsuits.
We welcome feedback, which you can provide using the feedback tab on the right of the. More from Reuters. The organization must still obtain approval from creditors to move ahead with the deal in a formal plan to exit bankruptcy.
The Boy Scouts effectively abandoned the Hartford agreement after representatives of victims said they would not support it. Claims multiplied after several U. The settlement is backed by local councils but opposed by insurers, who say representatives of the abuse claimants had too much say in the negotiations.
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The Boy Scouts' insurers, which include Century Indemnity Company and Hartford Financial Services Group, had argued throughout the bankruptcy process that some claims may be fraudulent. The creditors include victims of the abuse, who generally supported the settlement.
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