Delaware judge approves $2.46 billion Boy Scouts reorganization plan

A Delaware bankruptcy judge has approved a $2.46 billion reorganization plan proposed by the Boy Scouts of America.

The plan approved Thursday 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. The ruling by Judge Laurie Selber Silverstein marks an important milestone for the BSA. It had sought bankruptcy protection more than two years ago to stave off a flood of lawsuits alleging child sexual abuse by Scout leaders and volunteers.

The Boy Scouts of America said it was pleased with the court’s decision and grateful to abuse survivors who were instrumental in the plan’s formation.

Source: AP – All contents copyright 2022 Associated Press. All rights reserved.