USA Gymnastics – Files Chapter 11 Plan; Offers Sexual Abuse Victims Two Paths to a Share of $215mn Currently on Offer From Insurers

January 30, 2020 – The Debtor filed their Chapter 11 Plan of Reorganization [Docket No. 905]. The Plan offers victims of sexual abuse sitting in its Class 6 two paths to a substantially identical and finite $215.0mn pot of insurance proceeds. They can, as a group, vote to accept the $215.0mn on offer or continue…