19 Sep 2022 1:28 pm
Some courts (at least two bankruptcy courts) have ignored the previous statute of limitations. When BSA entered bankruptcy, a period of time was established for old abuse claims to be filed, that had not been previously filed. Many (almost the majority) were filed be people over the age of 50. To save you the math, that would be at least 32 years after the last abuse occurred. Many of the people reviewing the claims (attorneys, actuaries, insurance companies, advisors to the courts, etc.) feel about half of them lacked merit and cannot...in any way...be collaborated. But nobody wanted to be the one challenging the claims in court. A fund was established totaling $2.46 billion (above the $850 million settlement a couple of years prior to the bankruptcy filing). The BSA will probably exit bankruptcy late Q1 or early Q2 of 2023...more than 3 years after the filing. That will make it the longest bankruptcy in US history.ScottMon » 19 Sep 2022, 9:21 am » wrote: ↑ Previously, minors who survived such abuse were able to file federal claims until they reached the age of 28 or until a decade after the violation or injury was discovered.