Boy Scouts Bankruptcy Plan Hearing Pushed to February from January
22 December 2021 - 12:44PM
Dow Jones News
By Becky Yerak
A group of insurers in the Boy Scouts of America bankruptcy got
court approval to delay the start of the hearing on whether to
approve the youth group's proposed chapter 11 plan.
The confirmation hearing will now begin Feb. 22 instead of Jan.
24. The youth group had opposed the delay, saying it would further
deplete financial resources that otherwise could go toward sexual
abuse survivors.
Insurers including Travelers, AIG and Allianz said they needed
more time to complete discovery and prepare confirmation
objections.
Judge Laurie Selber Silverstein in the U.S. Bankruptcy Court in
Wilmington, Del., on Tuesday granted the request, saying several
depositions still need to be taken and other work done in an
evolving case.
Write to Becky Yerak at becky.yerak@wsj.com
(END) Dow Jones Newswires
December 21, 2021 20:29 ET (01:29 GMT)
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