Most Viewed

USA Gymnastics Bankruptcy Ends; Boy Scouts Insurer Strikes $800 Million Abuse Deal

Good day and welcome to WSJ Pro Bankruptcy’s Daily Briefing. It’s Tuesday, December 14. Here’s what you need to know: The five-year legal saga involving USA Gymnastics and its former doctor Larry Nassar came to an end as the sporting body was released from bankruptcy protection under a $380 million settlement with his victims. The Boy Scouts of America agreed to an $800 million settlement with liability insurer Chubb, adding to the compensation available for abuse survivors. Elsewhere, a Manhattan property owner defeated a bid to throw out its bankruptcy case and a Ponzi scheme receiver clawed back nearly $80 million.

Read more…

    Leave Your Comment

    Your email address will not be published.*