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Settlement Fund

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Federal judge affirms Boy Scouts' $2.4 billion bankruptcy plan.

Originally Published 2 years ago — by NBC News

Featured image for Federal judge affirms Boy Scouts' $2.4 billion bankruptcy plan.
Source: NBC News

A federal judge has upheld the Boy Scouts of America's $2.4 billion bankruptcy plan, which would allow the organization to continue operating while compensating tens of thousands of men who say they were sexually abused as children while involved in Scouting. More than 80,000 men have filed claims saying they were abused as children by troop leaders around the country. The plan's opponents say the staggering number of claims, when combined with other factors, suggest the bankruptcy process was manipulated.

Judge approves Boy Scouts' $2.4 billion bankruptcy plan.

Originally Published 2 years ago — by The Associated Press

Featured image for Judge approves Boy Scouts' $2.4 billion bankruptcy plan.
Source: The Associated Press

A federal judge has upheld a $2.4 billion bankruptcy plan for the Boy Scouts of America, which would allow the organization to continue operating while compensating tens of thousands of men who say they were sexually abused as children while involved in Scouting. More than 80,000 men have filed claims saying they were abused as children by troop leaders around the country. The plan's opponents say the bankruptcy process was manipulated, but the judge found no fault with the plan's initial approval. The bulk of the compensation fund would come from the Boy Scouts' two largest insurers, Century Indemnity and The Hartford.