Close

BOY SCOUTS: Creditors’ Committee Members Detail Claims

Subscribe or sign up for a free trial.

In the Chapter 11 cases of Boy Scouts of America and Delaware BSA, LLC, the law firms of Reed Smith LLP and Kramer Levin Naftalis & Frankel LLP submitted a verified statement under Rule 2019 of the Federal Rules of Bankruptcy Procedure, in connection with their representation of the Official Committee of Unsecured Creditors.

On February 18, 2020, each of the Debtors filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code with this Court.

On March 4, 2020, the Office of the United States Trustee for Region 3 appointed the five-member Creditors’ Committee consisting of: (i) Pension Benefit Guaranty Corporation, (ii) Girl Scouts of the United States of America, (iii) Roger A. Ohmstede, (iv) Pearson Education, Inc., and (v) Lion Brothers Company, Inc. See Dkt. No. 141.

As of April 24, 2020, the Creditors’ Committee members and their disclosable economic interests are:

Pension Benefit Guaranty Corporation
1200 K. Street, NW
Washington, D.C. 20005

* Contingent, unliquidated claims in an amount greater than
$865,000,000 arising from pension obligations of the Debtors.

Girl Scouts of the United States of America
Attn: Jennifer Rochon
420 Fifth Avenue
New York, NY 10018

* Litigation claim, subject to a pending civil action in the
United States District Court for the Southern District of New
York, Case No. 18- 10287, for (i) unsecured damages of at least
$6,800,000, plus damages subject to expert testimony and
Attorneys’ fees and costs on account of prepetition infringing
conduct; (ii) unliquidated damages for postpetition infringing
conduct; and (iii) postpetition injunctive relief.

Roger A. Ohmstede
Rog.sandy@mac.com

* Unsecured claim of at least $512,590.29 arising from the
Restoration Plan.

Pearson Education, Inc.
Attn: John Garry 221 River Street
Hoboken, NJ 07030

* Claims consisting of (i) an unsecured claim of at least
$685,707.72 for unpaid prepetition services; (ii) a post-
petition administrative expense claim of at least $244,966.60
for providing actual and necessary services to the estate, and
(iii) a contract rejection damages claim.

Lion Brothers Company, Inc.
Attn: Susan J. Ganz
300 Red Brook Blvd
Owings Mills, Maryland, 21117

* Unsecured claim of at least $355,795.41 on account of
prepetition trade payables.

The Creditors’ Committee reserves the right to amend or supplement this Verified Statement in accordance with the requirements set forth in Bankruptcy Rule 2019.

Proposed Counsel to the Official Committee of Unsecured Creditors can be reached at:

REED SMITH LLP
Kurt F. Gwynne, Esq.
Katelin A Morales, Esq.
1201 N. Market Street, Suite 1500
Wilmington, DE 19801
Telephone: (302) 778-7500
Facsimile: (302) 778-7575
E-mail: kgwynne@reedsmith.com
kmorales@reedsmith.com

– and –

KRAMER LEVIN NAFTALIS & FRANKEL LLP
Thomas Moers Mayer, Esq.
Rachael Ringer, Esq.
Jennifer Sharret, Esq.
Megan Wasson, Esq.
1177 Avenue of the Americas
New York, NY 10036
Telephone: (212) 715-9100
Facsimile: (212) 715-8000
E-mail: tmayer@kramerlevin.com
rringer@kramerlevin.com
jsharret@kramerlevin.com
mwasson@kramerlevin.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com, is available at https://is.gd/KorAy1 and https://is.gd/YGsoeO

About the Boy Scouts of America

The Boy Scouts of America — https://www.scouting.org/ — is a federally chartered non-profit corporation under title 36 of the United States Code. Founded in 1910 and chartered by an act of Congress in 1916, the BSA’s mission is to train youth in responsible citizenship, character development, and self-reliance through participation in a wide range of outdoor activities, educational programs, and, at older age levels, career-oriented programs in partnership with community organizations. Its national headquarters is located in Irving, Texas.

The Boy Scouts of America and affiliate Delaware BSA, LLC sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on Feb. 18, 2020, to deal with sexual abuse claims.

Boy Scouts of America was estimated to have $1 billion to $10 billion in assets at least $500 million in liabilities as of the bankruptcy filing.

The Debtors tapped SIDLEY AUSTIN LLP as general bankruptcy counsel;
MORRIS, NICHOLS, ARSHT & TUNNELL LLP as Delaware counsel; and
ALVAREZ & MARSAL NORTH AMERICA, LLC as financial advisor. OMNI
AGENT SOLUTIONS is the claims agent.

Leave a Reply

Your email address will not be published. Required fields are marked *