USA Gymnastics declares bankruptcy

[jesmu84]

Smart financial move or scummy cover-up?

https://www.barstoolsports.com/chicks/usa-gymnastics-files-for-bankruptcy-an-action-that-stops-the-process-of-uncovering-who-was-complicit-with-larry-nassars-behavior

[Shaka Shart]

Smart financial move or scummy cover-up?

https://www.barstoolsports.com/chicks/usa-gymnastics-files-for-bankruptcy-an-action-that-stops-the-process-of-uncovering-who-was-complicit-with-larry-nassars-behavior

Both?

[ZiggysFryBoy]

Pretty standard move.

[Jockey]

Standard CYA.

[Efficient Frontier]

Smart financial move or scummy cover-up?

https://www.barstoolsports.com/chicks/usa-gymnastics-files-for-bankruptcy-an-action-that-stops-the-process-of-uncovering-who-was-complicit-with-larry-nassars-behavior

Your style of throwing up a weird question without a stated position is tiresome and weak. This speeds financial restitution to victims and protects services for athletes currently in USGA.

[Jockey]

Your style of throwing up a weird question without a stated position is tiresome and weak. This speeds financial restitution to victims and protects services for athletes currently in USGA.

If you are gonna attack someone, you should try honesty in your attack.

Besides what you say in the final sentence, it also suspends all lawsuits by Nassar survivors and their ongoing efforts to discover the truth about who at USA Gymnastics and the US Olympic Committee knew about Nassar's criminal conduct and failed to stop it.

I realize that doesn't fit your response, but is is much more honest.

[Efficient Frontier]

If you are gonna attack someone, you should try honesty in your attack.

Besides what you say in the final sentence, it also suspends all lawsuits by Nassar survivors and their ongoing efforts to discover the truth about who at USA Gymnastics and the US Olympic Committee knew about Nassar's criminal conduct and failed to stop it.

I realize that doesn't fit your response, but is is much more honest.

My reading comprehension must be off. All settlements will be paid by insurance, which is a process which is sped up by bankruptcy.

Suspends additional lawsuits, correct.

These are civil suits, the goal of which are to get financial payments. The bankruptcy speeds up these payments.

From the article:


It's estimated the potential payout for the victims could be anywhere between $75- $150 million, but even though the payouts are covered by USA Gymnastics' insurance, filing for bankruptcy would speed the process up.

No criminal investigation is affected by this action.

Did I miss anything? Please quote the dishonesty you saw in my original post?

[Benny B]

Did I miss anything? Please quote the dishonesty you saw in my original post?

OP simply asked whether it's smart or scummy and provided a link.  You responded with "Your style of throwing up a weird question without a stated position is tiresome and weak."

Sounds to me like you jumped to a conclusion by conceding you had no basis for doing so.  You may call it ironic, others may call it dishonest... it simply depends on your perspective, much in the same way as one's determination of smart or scummy.

[mu03eng]

Pretty standard stuff....Boy Scouts of America is considering the same move:
https://www.cnn.com/2018/12/13/us/boy-scouts-possible-bankruptcy/index.html

Gotta say, institutions are gonna need to figure this all out. My BSA experience was outstanding and foundational to who I am as a person but this among other things they are doing at the national level has had me walk away from the organization and consider not letting my son join (where he could be a 4th generation Eagle Scout). I think the only way large institutions figure this out is by giving them the proverbial death penalty when they act this way.

[The Sultan]

Pretty standard stuff....Boy Scouts of America is considering the same move:
https://www.cnn.com/2018/12/13/us/boy-scouts-possible-bankruptcy/index.html

Gotta say, institutions are gonna need to figure this all out. My BSA experience was outstanding and foundational to who I am as a person but this among other things they are doing at the national level has had me walk away from the organization and consider not letting my son join (where he could be a 4th generation Eagle Scout). I think the only way large institutions figure this out is by giving them the proverbial death penalty when they act this way.

Somewhat ironic considering for years that they wouldn't allow for homosexual members, and one of the stated reasons was due to concerns over "inappropriate conduct."

[mu03eng]

Somewhat ironic considering for years that they wouldn't allow for homosexual members, and one of the stated reasons was due to concerns over "inappropriate conduct."

Turns out the higher you go on your moral high horse the much more likely you are to fall off.