Insurers Seek Stay Pending Appeal In Dispute Over Confirmation Of Boy Scouts’ Plan

Mealey's (April 4, 2023, 8:38 AM EDT) -- WILMINGTON, Del. — Certain insurers have filed an emergency motion for a stay pending appeal of a Delaware federal judge’s March 27 ruling affirming a bankruptcy judge’s confirmation of the Boy Scouts of America’s third modified, fifth amended Chapter 11 reorganization plan, which contemplates the creation of a settlement trust to “assume liability for all Abuse Claims,” arguing that the affirmation ruling presents “fundamental questions of bankruptcy law of vital importance that could have widespread impact in mass tort bankruptcies for years to come.”...