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Former Boy Scouts Executive Says Kids at Risk; Purdue Pharma Faces Appeal
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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.
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Michael Johnson, former youth protection director of the Boy Scouts of America, said the group remains a ‘high-risk organization for child sexual abuse.’
PHOTO: PATRICK SEMANSKY/ASSOCIATED PRESS
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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.
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“There’s never been a case like this before,”
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— Judge Colleen McMahon of the U.S. District Court in Manhattan
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The Limetree Bay refinery on St. Croix in the U.S. Virgin Islands.
PHOTO: ALVIN BAEZ/REUTERS
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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.
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Elizabeth Holmes arriving at federal court in San Jose, Calif., Tuesday, flanked by her husband, Billy Evans, and her mother, Noel Holmes.
PHOTO: JOHN G MABANGLO/SHUTTERSTOCK
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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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