Boy Scouts Emerges from Bankruptcy with $2.46B Abuse Settlement

The Boy Scouts of America has emerged from bankruptcy after a three-year Chapter 11 case, resulting in the largest sexual abuse settlement fund in US history. The $2.46 billion settlement resolves claims by more than 80,000 men who say they were abused as children by troop leaders. The settlement was supported by 86% of abuse claimants and the Boy Scouts’ two largest insurers. The amount of money individual abuse survivors stand to gain from the bankruptcy plan ranges from $3,500 to $2.7 million, depending on the severity of the alleged abuse, where and when it occurred, and other factors.