Category Archives: Case Updates

Employment of Stout Risius Ross, LLC as the Committee’s Valuation Expert

On May 1, 2024, the Bankruptcy Court granted the Committee’s application to employ Stout Risius Ross, LLC (“Stout”) as the Committee’s valuation expert. Stout will provide expert assistance to the Committee with respect to the value of survivor claims and the allocation of the Debtor’s insurance to survivor claims. Stout’s expert services will play a critical role in ensuring that survivors are fairly compensated by the Debtor and its insurers.

Survivor Impact Statements to Bankruptcy Court

On May 20, 2024 at 10:00 a.m. Eastern, eight Survivors will be presenting impact statements to the Bankruptcy Court in Baltimore. The hearing will be open to the public and all Survivors are invited to attend.  The Bankruptcy Court is located at 101 W. Lombard St., Baltimore, MD in Courtroom 9-C. Please plan to arrive at 9:15 a.m. Eastern to allow yourself time to get settled. While there is no guarantee that there will be space inside the courtroom for all that wish to observe, it is expected that the hearing will be live-streamed from a separate room in the courthouse. 

As you already understand, the presenting Survivors will be speaking about their difficult history which can be triggering to those listening. Please be mindful of the support that you may need both during and within the hours and days following the presentations.  The Committee looks forward to making this event significant and effective.