ABI's Strategies and Perspectives webinar series provides insights into strategies used by industry leaders on major complex bankruptcies. This second presentation in ABI's Strategies and Perspectives series will discuss the Boy Scouts of America chapter 11, a case that demonstrates the complexity and confluence of differing stakeholder positions. The panelists will discuss the intricacies of this case, including the goals of the debtor, the large group of plaintiffs and the insurers.

ABI's Strategies and Perspectives webinar series provides insights into strategies used by industry leaders on major complex bankruptcies. This live Zoom webinar will be approximately 90 minutes long and include a 30-minute Q&A session.

Thursday, May 23, 2024

This webinar is free to attend. CLE is not available for this webinar.

Catherine L. Steege
Moderator
Jenner & Block LLP; Chicago
   

Jessica C. Lauria
White & Case LLP; New York
   

Richard G. Mason
Wachtell, Lipton, Rosen & Katz; New York
   

Arik Preis
Akin Gump Strauss Hauer & Feld LLP; New York
   

Tancred Schiavoni
O'Melveny & Myers LLP; New York
   

Joseph L. Steinfeld Jr.
ASK LLP; St. Paul, Minn.
   

Moderator:

Catherine L. Steege
Partner and Co-chair, Bankruptcy and Restructuring Practice, Jenner & Block LLP

Catherine L. Steege negotiated a $380 million settlement of claims against USA Gymnastics (USAG) in its chapter 11 case and served as lead counsel when USAG faced claims by gymnasts alleging negligence in supervising a doctor who assaulted hundreds of female athletes. She represented ad hoc working groups of distributors, pharmacies and drug manufacturers in the Purdue Pharma, Mallinckrodt and Endo chapter 11 cases and also has an extensive appellate practice, including arguing Wellness International Network v. Sharif in the U.S. Supreme Court and serving as counsel in Law v. Siegel and City of Chicago v. Fulton before the Supreme Court.

Panelists:

Jessica C. Lauria
Partner, White & Case LLP

Jessica C. Lauria serves as the lead restructuring counsel for the Boy Scouts of America in connection with its historic chapter 11 proceedings. She has served as lead restructuring counsel on several large, complex chapter 11 cases, including to Johnson & Johnson in connection with the chapter 11 case of LTL Management, 3M Company in connection with the chapter 11 case of Aearo Technologies, and New Residential Investment Corp., a publicly traded REIT, for a major original equipment manufacturer in connection with the high-profile and complex U.S. bankruptcy cases of Takata.

Richard G. Mason
Senior Partner, Wachtell, Lipton, Rosen & Katz

Richard G. Mason chaired and represented the Ad Hoc Committee of Local Councils, which, under Ricky’s leadership, galvanized the BSA’s more than 250 independent local councils to help create the largest settlement fund of its kind in U.S. history. In recognition of Ricky’s key role in the settlement, the BSA announced the naming of the Richard G. Mason Fire Ring in a central gathering place at the BSA’s iconic Philmont Scout Ranch. Ricky has been involved with many of the largest and most complex bankruptcies and out-of-court restructurings in the U.S. and elsewhere, including Delphi Corp., Kerzner International, Energy Future Holdings, Bristow Helicopters, Hawker Beechcraft, Puerto Rico Electric Power Authority and LATAM Airlines.

Arik Preis
Partner, Akin Gump Strauss Hauer & Feld LLP

Arik Preis served as special counsel to the Coalition of Abused Scouts for Justice in the Boy Scouts case, including as lead counsel to the Survivors Working Group. Arik has extensive mass tort bankruptcy experience, serving as lead counsel to the Official Committee of Unsecured of Insys Therapeutics, the Official Committee of Unsecured Creditors of Purdue Pharma, the Official Committee of Opioid Claimants of Mallinckrodt, the Official Committee of Opioid Claimants in Endo International, the Official Committee of Tort Related Claimants in Rite Aid, and the Official Committee of Unsecured Creditors in Honx, Inc.

Tancred Schiavoni
Partner and Co-Chair of Insurance Practice, O’Melveny & Myers LLP

Tancred Schiavoni represents insurance and reinsurance companies in a variety of disputes, including bad-faith claims and environmental coverage litigation. Tanc has represented carriers in cases in a number of states, including New Jersey, New York and New Hampshire. He also has conducted and assisted in mediations and provided coverage advice to clients to assist them in avoiding disputes without the need for litigation. Tanc participated at trial in the defense of a major environmental coverage action involving multiple parties and claims for coverage exceeding $500 million, and was involved in the trial of another major multiparty coverage dispute involving coverage claims in a dozen states and Canada.

Joseph L. Steinfeld Jr.
Co-Managing Partner, ASK LLP

ASK LLP is counsel to more than 9,000 survivor claimants in the Boy Scouts case, and Joseph L. Steinfeld Jr. serves as ASK’s representative as a founding member of the Coalition of Abused Scouts for Justice. With more than 40 years of litigation and appellate experience, Joe serves a broad client base and is involved in the nation’s most significant bankruptcy and mass tort cases. Joe’s practice concentrates on the intersection of bankruptcy and mass tort law, and he has argued cases at district and bankruptcy courts, nearly all U.S. courts of appeals and at the U.S. Supreme Court, where he argued the case of Reiter v. Cooper, 507 U.S. 258 (1993).

For more information on the ABI Strategies and Perspectives program "Anatomy of the Hertz Chapter 11,” please visit https://hertz.abi.org to access the video recording, presentation materials and presenter biographies.