A group of insurers in the Boy Scouts of America bankruptcy got court approval to delay the start of the hearing on whether to approve the youth group's proposed chapter 11 plan, MarketWatch.com reported. The confirmation hearing will now begin Feb. 22 instead of Jan. 24. The youth group had opposed the delay, saying it would further deplete financial resources that otherwise could go toward sexual abuse survivors. Insurers including Travelers, AIG and Allianz said they needed more time to complete discovery and prepare confirmation objections. Judge Laurie Selber Silverstein in the U.S. Bankruptcy Court in Wilmington, Del., yesterday granted the request, saying several depositions still need to be taken and other work done in an evolving case.
