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ARTICLE · 05 MAY 2021

What We're Reading This Week - May 3, 2021

Mayer Brown
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Bloomberg reported that USA Gymnastics asked the Southern District of Indiana Bankruptcy Court to enforce the automatic stay and enjoin litigation filed by four plaintiffs seeking to hold...

United StatesInsolvency/Bankruptcy/Re-Structuring
Samuel R. Rabuck
Samuel R. Rabuck
Sean Scott
Sean Scott
Aaron Gavant
Aaron Gavant
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Bloomberg reported that USA Gymnastics asked the Southern District of Indiana Bankruptcy Court to enforce the automatic stay and enjoin litigation filed by four plaintiffs seeking to hold the US Olympic & Paralympic Committee (USOPC) liable for sexual abuse committed by convicted child sexual predator Larry Nassar.  USA Gymnastics said allowing the litigation to proceed would be disruptive to its chapter 11 proceedings and its settlement talks with survivors.  In its motion to enforce the automatic stay, USA Gymnastics argued that the claims against the USOPC are property of its estate because they are general and common among its creditors, which include over 500 survivors of Nassar's abuse.  The plaintiffs objected to enforcement of the stay with respect to their lawsuit against the USOPC, arguing that their claims are not general and common, but rather personal and particularized such that they are not estate property and should be allowed to proceed.  A hearing

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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