Good day. A former Boy Scouts executive said the youth group puts children at risk, and a federal judge said Purdue Pharma's bankruptcy plan is unique, as objecting state and federal authorities press their appeal.

Former Boy Scouts’ abuse prevention director said program isn't safe for kids. The former youth protection director of the Boy Scouts of America accused the organization of failing to fix its system for protecting children from sexual predators, allegations that come as the group lobbies thousands of sex-abuse victims to support a settlement offer to end its bankruptcy. The allegations of Michael Johnson, who left the Boy Scouts in December, come at a sensitive time for the youth group, which is seeking the votes of sex-abuse survivors for a bankruptcy restructuring that would resolve 82,200 claims of childhood abuse.

Purdue Pharma’s Sackler family settlement unprecedented, judge says. A federal judge said that appeals of a $4.5 billion bankruptcy settlement shielding Purdue Pharma LP’s family owners from civil opioid lawsuits would hinge on whether the agreement is permitted under bankruptcy law and the U.S. Constitution.

Limetree Bay refinery’s bankruptcy lender calls default. The Limetree Bay refinery in the U.S. Virgin Islands is behind on more than $63,000 in interest on its bankruptcy loan, according to court papers filed by the crude facility as it searches for a buyer.

Fed’s Clarida affirms Fed plans to end bond purchases by mid-2022. Fed Vice Chairman Richard Clarida also said the central bank was on track to begin reducing, or tapering, its asset-purchase program amid stronger-than-anticipated inflation and robust economic growth and hiring this year.

SEC’s Lee calls for more transparency in private markets. A member of the Securities and Exchange Commission is calling for greater transparency in private markets, saying that nonpublic businesses can play an outsize role in the U.S. economy without disclosing key information about their operations.

Theranos founder's defense shows Safeway vetted partnership. Lawyers for Theranos Inc. founder Elizabeth Holmes sought to show in court Tuesday that Safeway Inc. had responsibility for its failed partnership with the blood-testing startup, describing the grocery chain’s extensive resources and due diligence before inking the deal as evidence that the company wasn’t misled.

The U.S. Supreme Court declined to take up a bankruptcy law battle over a legal tool that judges increasingly use to block appeals from court-approved restructuring plans. (Bloomberg)

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