Boy Scouts Of America Bankruptcy

February 18, 2020

As many of you may know by now, the Boy Scouts of America filed bankruptcy this morning over the mounting financial toll racking up from ongoing sexual abuse claims being filed against them. This sex-abuse-fueled bankruptcy will be big as state laws have recently changed in both New York and California; where victims going back 50-60 years can come forward and file claims for sexual abuse which occurred decades ago.
It may come as no big surprise to some then that there was an alarming amount of sexual abuse occurrences within the Boy Scouts of America and that is now coming back to haunt them tenfold.
There is also another connection with the Boy Scouts cases that you should be aware of – and that is their 100-year relationship with the Mormon Church where you might find a solvent creditor for some of the cases. In their 2018 financial statements, the Boy Scouts of American disclosed they had about 1.5 billion in assets. This is just the national organization and local chapters might have other assets to go after.
These cases can be found on Facebook the same way we find other sexual abuse cases and we think it might represent a good opportunity for plaintiff lawyers that they are now in bankruptcy.
We are currently seeing lead prices around $350-$450 on these claims.
Firefighting Foam Cancer Case
This new tort is all about PFAS, a forever chemical like Teflon and C8 that is used when fighting a Jet Fuel or Gas Fire. At risk are the US Military personnel that have used this chemical for 60+ years and the Firefighters at airports that are training to and fight jet fuel fires.To learn more about this you might want to check out the legal thriller “Dark Waters” from 2019. (If you are like me and wait for it to be on Apple TV, it was just released yesterday on Apple Movies.)
The main injuries tied to this foam are signature cancers including; Kidney Cancer, Testicular Cancer, Bladder Cancer, Leukemia, Lymphoma and Prostate Cancer.
This tort is so new that we don’t have any metrics on it yet, but new campaigns are starting up daily and the audiences we have for this should produce good numbers.
For my readers that will be joining us at MTMP in April, there will be a whole section on this tort.
The New Mass Tort That Has Been Around For 40 Years.
Zantac or Ranitidine first came out in 1981 and by 1987 it was the most prescribed drug in the world for decreasing stomach acid production. Fast forward almost 40 years later and we find out that Zantac should really not be exposed to heat. When exposed to heat in the body, the chemical called N-nitrosodimethylamine, or NDMA, a probable human carcinogen is created.
In the almost 40 years on the market, no warning was ever given on this and we could be talking about a whole lot of people exposed and at risk. In 2016 there where more than 15 million Americans with a prescription to Zantac (not counting the people that got it over the counter.)
The cancers that could be tied to Zantac are:
Bladder Cancer
Stomach Cancer
Small Intestine Cancer
Colorectal Cancer
Esophageal Cancer
Liver Cancer
Pancreatic Cancer
Testicular Cancer
Uterine Cancer
Kidney Cancer

We have been finding clients for this tort for the last 4 months and we have setup attorneys if you are interested in ref. the cases out. We are seeing case costs currently running backing into $800-$1,000 per case. You can see our statistics on this tort here

This is one that will go on for some time, and those that start earlier, will stand a better chance of leveraging our new software called the Feedback Loop to keep their costs down over the long term. Ask your dedicated rep today about getting your campaigns setup on the Feedback Loop!
Feed Back Loop Integrations
The new X Social Media Feedback Loop is one of the most important developments we have done for our clients.
The Feedback Loop allows our clients to optimize towards a cost per case and NOT a cost per lead or cost per impression. When you decide to use a vendor and you want to use X Social Media as your advertising media source, make sure that your vendor is fully-integrated with the X Social Media Feedback Loop so we can complete the loop.
Here are the companies that are now fully-integrated with the XSM Feedback Loop:
FileVine (CRM) Intake and Case Management
Captorra  (CRM) Intake software
Smart Advocate Case Management Software
DMAA -Call Center Intake
Legal Conversion Center – Call Center Intake
Alert Communications– Call Center Intake
Leaddocket – Coming Soon!
Law Ruler – Coming Soon!
Make sure that you are setup with the X Social Media Feedback Loop before starting a campaign with us, or use one of these partner vendors above and just let your XSM rep know when launching your next campaign that you want in on the loop.
Want to see your company on the list? Let us know by emailing Lucas at Lucas@xsocialmedia.com.
X Social Media,

A Digital Ad Agency
X Social Media started in 2015, and we are now working with over 350 law firms doing direct advertising to consumers via Facebook and Instagram and now Google, Bing, and other digital and native display channels. All advertising we do is by direct response and for every dollar we spend, we generate value by helping people get representation and compensation for whatever has happened to them.

In 2018 we wrote a book on how to use Facebook and Instagram to help generate cases for law firms. The Facebook Effect For Lawyers which is now available on Amazon.

 

We are a full-service digital advertising agency that spent over $50 million in Facebook advertising alone in 2019. We have in-house Developers, Designers, Ad specialists, and Directors of Marketing & Strategy ready to run your campaign as efficiently as possible while generating as many leads as possible.We are a true extension of your team and practice true transparency in everything we do.

We have a trusted network of friends in the Mass Torts Industry and can help you with introductions to Tier 1 attorneys for case referrals. We also have the latest information about a lot of new projects that are running with very few firms involved.

 

We would love to take over as your true digital experts, it’s 2020 and you deserve the best digital marketing agency this year. So take the first step and reach out to us via phone 888-670-0006 or email at: [jacob@xsocialmedia.com]jacob@xsocialmedia.com so you can see the difference in performance for yourself.
We look forward to your call or message.
Will you be at the Law Tigers Summit in AZ? Let us know!
We will be there as well and would love to meetup for a coffee.
Email Lucas at lucas@xsocialmedia.com with any questions or to setup a meeting.
Email: Jacob@xsocialmedia.com Call us: 888.670.0006
Website : xsocialmedia.com
X Social Media LLC
Copyright 2020

© 2020 X Social Media All rights reserved