Boy Scouts Say Tort Claimants Can't Challenge $350M Note

By Rick Archer (April 30, 2021, 5:06 PM EDT) -- The Boy Scouts of America are asking a Delaware bankruptcy judge to deny a request by tort claimants to allow them to try and recategorize $350 million in intercompany debt, saying they don't have any claims worth pursuing.

In an objection filed Thursday, the BSA said approving the tort claimants committee and future claimants representative's motion would waste estate resources in the pursuit of claims that are a combination of baseless and largely time-barred.

"Rather, under these circumstances, where the motion will serve to distract the debtors and their key constituents when they are focused on negotiating critical aspects of and...

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