Boy Scouts reach $850M settlement with thousands of sex abuse survivors – By Darryl Coote (UPI) / July 2 2021
July 2 (UPI) — The Boy Scouts of America have reached an $850 million settlement with tens of thousands of people who sued the organization saying they were sexually abused while under its care, according to court documents late Thursday.
The settlement follows the Boy Scouts of America filing for bankruptcy in February 2020 to restructure its finances and compensate those who were harmed while members of the 110-year-old organization.
The agreement was announced in a court filing entered late Thursday in U.S. Bankruptcy Court for the District of Delaware concerning resolutions met with official and major creditors as part of its bankruptcy.
The deal states that the plan has “significant” support of those representing about 60,000 abuse survivors, and provides a framework to resolve their complaints.
