DOVER, Del. (AP) — Closing arguments are underway in the Boy Scouts of America bankruptcy case.
A Delaware judge must decide whether to approve a reorganization plan the BSA negotiated over the past two years. It would establish a $2.6 billion trust fund to compensate tens of thousands of men who say they were sexually abused as children in Scouting, while allowing the Boy Scouts to continue as an ongoing enterprise. The Texas-based organization sought bankruptcy protection in 2020, seeking to halt hundreds of individual lawsuits and create a settlement trust for abuse victims.
More than 82,000 sexual abuse claims have since been filed in the bankruptcy case.
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NEW YORK (AP) — The new CEO of Hertz says the company is fixing problems that led to false car-theft charges against some customers. Stephen Scherr says Hertz didn't properly record transactions when cars thought to be missing were located. Scherr told CNBC that this is one of the first things he's trying fix since taking over the company. It's not clear how many people have been affected. Hertz says […]
