Boy Scouts’ Plan Meets Bankruptcy Code Requirements For Confirmation, Judge Affirms

Mealey's (March 28, 2023, 3:31 PM EDT) -- WILMINGTON, Del. — A Delaware federal judge on March 27 affirmed a bankruptcy judge’s confirmation of the Boy Scouts of America’s third modified, fifth amended Chapter 11 reorganization plan that contemplates the creation of a settlement trust to “assume liability for all Abuse Claims,” rejecting insurers’ argument that the plan was not proposed “in good faith.”...