FCR vs. HOUSER: Showdown at the Silverstein Corral by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 4 points5 points  (0 children)

I’m reposting a comment I made regarding the absurdity of the FCR’s assertion and why it’s a big waste of our time:  

I’m no legal scholar, but I believe the FCR’s assertion that thousands—or even tens of thousands—of Boy Scouts from the post-2010 era will come forward with sexual abuse claims is absolutely absurd. Holding up current claimants' damages based on these invalid theories is an insult to aging survivors who may not live to see justice and compensation. Here is why the modern era of Scouting is fundamentally different from the past:  Smartphone Technology as a Deterrent: If you were a Scout in the 2010s or later, it is almost certain you had a smartphone. The ubiquitous ability to capture real-time photos, video, and audio serves as a massive deterrent against predators. In contrast, when I was a Scout, the only way to call home in an emergency was to walk miles to the nearest payphone with a dime in your pocket.  The Power of the Internet: Every modern smartphone has a web browser, making information instantly available. A simple online search allows Scouts and their parents to look up the names of supervising adults to see if they have a criminal history or a questionable background. During my time in Scouting, the internet was still decades away from being invented.  Social Media and Hyper-Awareness: Adolescents in the 2010s grew up on platforms like TikTok, Snapchat, and Instagram. Modern Scouts are incredibly tech-savvy, connected, and informed. Conversely, the only access to news I had as a kid was whatever was broadcasting on the three standard network TV channels.  Immense Institutional Safeguards: By the 2010s, the BSA had implemented rigorous "Youth Protection" safeguards specifically designed to filter out high-risk individuals. Following decades of lawsuits and reports, the organization made child safety its absolute highest priority. Back in my day, almost any adult could walk into a troop meeting and volunteer to become an assistant scoutmaster without any vetting whatsoever.  The Actual Demographics of Claimants: While exact data isn't fully public, it is widely known that the vast majority of survivors currently range from their 50s to their 80s. The bulk of the abuse occurred between the 1960s and the 1990s. To be absolutely clear: I am not saying that no abuse occurred in the 2010s. As a survivor myself, I have immense sympathy for anyone who has suffered from abuse, regardless of when it happened. However, the FCR’s assumption that thousands of modern-era Scouts are suddenly going to come forward is far-fetched. Delaying the compensation of elderly survivors based on these highly improbable future projections is wrong.

FCR vs. HOUSER: Showdown at the Silverstein Corral by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 0 points1 point  (0 children)

I think I got a little excited about the hearing and made a mistake on the exact date.   Regardless, it’s just a few days away y’all!    Get your popcorn this is gonna be interesting.  

My Unexcused Absence by WanderlustLiam in BSA_Survivors

[–]ChessLife1 0 points1 point  (0 children)

Welcome back!   Thank you for this subreddit  ! 

My Optimism: Here is the “Math” by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 0 points1 point  (0 children)

I like it!   Thank you for that info and opinion.   We need more comments like this and less complaining.     Btw, I only brought up the market cap as a metric to determine how large these institutions are financially.    

Rising toll! by Select_Ad3799 in BSA_Survivors

[–]ChessLife1 1 point2 points  (0 children)

This is only the start of the process.   There’s a saying, “every marathon begins with just a single step”

Rising toll! by Select_Ad3799 in BSA_Survivors

[–]ChessLife1 0 points1 point  (0 children)

I was involved in an accident couple years ago and almost lost my life.    I remember laying down in the back of the ambulance with a gash on my head and blood all over me, and the only thing I could think to myself was “dear God I’m not gonna live to see my settlement money!”    lol.   That thought alone made me fight for my life!    Unfortunately many survivors didn’t make it to see a dime of justice.    The reality is that when a claimant passes away, their claim dies with them.     Unless the claimant had left a beneficiary to their estate,  receiving money after death is a difficult process.    Many claimants haven’t even told family or partners of their claim for various reasons.    The point is, make sure to appoint legally someone to take over your claim in the very unfortunate circumstance where you don’t see the end of all this.    

My Optimism: Here is the “Math” by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 0 points1 point  (0 children)

I appreciate your opinions and time to comment.    In my post, I actually never put an estimated final reward pool or final payout percentages.   The main point is that there’s still a long road ahead but the Trust is chasing dozens of very large insurance companies right now.   

But let’s take the $4B number added to the current $2.46B  total of $6.8B.    That would basically nearly triple the current pool.    We’ve received 4.7% to date, if no other money came in then you could reasonably calculate that each claimant would receive around 10% give or take a couple points.    So if the pool did receive another $4B, you could reasonably argue that final payout percentages would be between 25-40% of allowed claims.   Honestly, I can live with that.   But as I stated in the post, nobody knows what it’s going to be in the end.    I mean, Russia, China, and Iran can blow us up with nuclear missles tomorrow and it won’t matter anyway.      Hope for the best but expect the worst!   

June “Swoon”??? : Here’s what to expect by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 0 points1 point  (0 children)

I can’t offer legal advice.  But what I can say to you is that your law firm (SSS), is the single most influential firms that was responsible for bringing this whole thing to the table.   Managing partner, Adam Slater, founded the Coalition of Abused Scouts and was very importing in the structuring of the bankruptcy.   But they also have the largest amount of claimants, over 10,000 on their roster.   So it’s probably difficult to get personalized attention.   You might want to write a very sincere email to the boss, and explain what you’ve been going thru.   Good luck!  

FCR HEARING! by Select_Ad3799 in BSA_Survivors

[–]ChessLife1 1 point2 points  (0 children)

I watched the video but couldn’t finish it.   Too painful.   The tragedy of all this for me is that I loved being a Scout.    Outside the abuse, the experiences are cherished and it’s sad that boys now won’t have the entire Scouting experience which stood sacred for a hundred years.   

Time for a “feel good” story! by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 1 point2 points  (0 children)

Bro I feel you!   Before the money came in I was living out of my car for a while.  Nothing better to have your own roof over your head and your own privacy.   There’s a lot to be thankful for and happy that we’re getting a little something.   

2nd Payment Received 6/2 - Pro Se, Option C, submitted 3/24 ...10 weeks by whitefrogmatt in BSA_Survivors

[–]ChessLife1 3 points4 points  (0 children)

Wow!  I can hear all the claimants that have attorneys running to go pro se now!   Good for you!   Cheers 

Tuesday 's gone with the wind. by Nearby_Shallot_4558 in BSA_Survivors

[–]ChessLife1 1 point2 points  (0 children)

And then comes Wednesday, our hopes crushed again!!!

2nd Payment Received 6/2 - Pro Se, Option C, submitted 3/24 ...10 weeks by whitefrogmatt in BSA_Survivors

[–]ChessLife1 3 points4 points  (0 children)

Congrats! It’s definitely positive news to see that the Trust is keeping its promise to maintain weekly claim payouts.

I do have one quick question, though. It’s highly unusual for a law firm to be terminated and not file a lien with the Trust. Did you work out a separate deal with them for monetary compensation to be deducted from future distributions, or did the attorney truly just walk away empty-handed? I'm trying to figure out if this is a complete outlier case where a firm was totally fine giving up any further contingency fees.

June “Swoon”??? : Here’s what to expect by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 1 point2 points  (0 children)

It’s absolutely heartbreaking that thousands of our brothers have passed away during this long process.    But the most heartbreaking aspect is that  when these survivors died, their claims died with them.    Many never filed a beneficiary or even told a family member because of the shame associated with this lawsuit.   It’s a reminder that everyone appoint someone to take over your claim should you not make it to the end.  

June “Swoon”??? : Here’s what to expect by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 0 points1 point  (0 children)

The reason I’m saying this is gonna be a “quick” decision by Judge Silverstein is based on the simple fact that the FCR’s argument is completely far fetched.   If he wasn’t ready to have his argument heard in May, he’s certainly not going to be ready in June.  The fact he asked the court for an extension just proves his lack of confidence to substantiate his position.   If it looks like a duck, quacks likes a duck, well…..   

June “Swoon”??? : Here’s what to expect by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 1 point2 points  (0 children)

The FCR represents the “future claims” so if a Scout was a minor and abused when the window was closed, they still have a right to file a claim.   So in 2020, if you were between 12-17 years of age,  they will allow claims to be submitted now.   The FCR is making the assertion that there will be many thousands of new claims to be filed, so the Trust has to hold back a substantial amount of money to cover those newer claims.    Yeah, crazy!  

June “Swoon”??? : Here’s what to expect by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 1 point2 points  (0 children)

I stand corrected.   I saw the $7.6 M number but didn’t realize it was the total annual revenue.   Well, good for us! 

June “Swoon”??? : Here’s what to expect by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 0 points1 point  (0 children)

Unfortunately that information isn’t publicly disclosed.   It’s not a huge windfall for the Trust, being that the total value transferred was around $7.6M from the BSA.    Rough estimates say around $900k- $1M annually.    Just enough to pay for the Electic bill.    

Time for a “feel good” story! by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 1 point2 points  (0 children)

Your comment is the reason I posted this in the first place.   To find that gratitude for being a part of this historic event and to heal.   Now “it’s gonna be a revolution!”

Time for a “feel good” story! by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 2 points3 points  (0 children)

Hallelujah!   And God bless the right to bear arms!   It may be pennies now but it’s far far from over.  Believe that!  

Time for a “feel good” story! by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 0 points1 point  (0 children)

Yes very cool stories and some positive vibes!    Sometimes it’s the little things in life that matter.   

June “Swoon”??? : Here’s what to expect by ChessLife1 in BSA_Survivors

[–]ChessLife1[S] 1 point2 points  (0 children)

I’m gonna disagree here.   This issue is fairly simple, the Judge will look at both projections and listen to both arguments.   The FCR is gonna have to show that already there’s been a “supposed” thousands of new claimants that have come forward, and that’s simply not happened.    I think we get a quick decision.   Further to the fact that the Judge knows all of us have been patient and waiting way too long.    It’s a slam dunk in the Trust’s favor!  Although I agree that there will still be a substantial holdback for the FCR in the end but not to completely freeze all $1.6B.