UNITED STATES
AdamHorowitzLaw.com (law firm blog)
March 7, 2020
Increasingly, venerable institutions like the Boy Scouts, the USA Gymnastics and Catholic dioceses say they are going into bankruptcy because of child sex abuse and cover up lawsuits.
So maybe it’s time to re-think those suits and the laws that enable them?
To put it bluntly, that’s a crazy idea. Bear with us as we explain.
For starters, let’s look more closely at why big non-profits like this sometimes seek Chapter 11 protection.
Are they being “forced to” (as some headline writers suggest)? Or are they doing so for selfish reasons?
Our bet is the latter.
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