Tag: Boy Scouts of America

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 […]

09/09/2022 10

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Ruling leaves questions about Boy Scouts bankruptcy plan

DOVER, Del. (AP) — A Delaware bankruptcy judge has approved parts of the Boy Scouts of America's reorganization plan but has rejected other provisions, saying the organization has decisions to make regarding the plan. The judge issued her 281-page ruling on Friday afternoon, months after concluding a trial in the case. The judge indicated that she is willing to hold a status conference upon a request by attorneys for the […]

08/01/2022 16

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Future liability releases at center of Boy Scouts bankruptcy

DOVER, Del. (AP) — Attorneys for the Boy Scouts of America say protecting local BSA councils and troop sponsoring organizations from future liability for child sex abuse claims is critical to the national group's reorganization plan. But, attorneys opposing the plan told a Delaware bankruptcy judge on Tuesday that liability releases for non-debtor third parties are neither fair nor necessary. The Boy Scouts sought bankruptcy protection in February 2020 in […]

04/13/2022 32

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Closing arguments begin in Boy Scouts bankruptcy case

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 […]

04/07/2022 33

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United Methodists to join in plan for Boy Scouts bankruptcy

DOVER, Del. (AP) — Congregations affiliated with the United Methodist Church have agreed to contribute $30 million to a fund for victims who say they were molested as youngsters in the Boy Scouts of America. A committee representing United Methodist churches that sponsored Scouting activities also agreed to help raise another $100 million for the fund. Jessica Lauria is an attorney for the BSA. She told a federal bankruptcy judge […]

12/22/2021 30

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Insurer agrees to $800M settlement in Boy Scouts bankruptcy

DOVER, Del. (AP) — Attorneys in the Boy Scouts of America bankruptcy case have reached a tentative settlement under which one of the organization's largest insurers would contribute $800 million into a fund for victims of child sexual abuse. The agreement announced Monday calls for Century Indemnity Co. and affiliated companies to contribute $800 million into the fund in return for being released from further liability for abuse claims. The […]

12/14/2021 24

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Mediator ousted in Boy Scouts bankruptcy; deadline extended

DOVER, Del. (AP) — The judge presiding over the Boy Scouts of America bankruptcy issued a ruling Tuesday removing a former Delaware bankruptcy judge as a mediator. The judge said she was compelled to remove Kevin Carey after the Boy Scouts named him as the initial "special reviewer" who would assist the trustee overseeing a proposed fund to compensate victims of child sexual abuse. The judge said that move gave […]

12/08/2021 24

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Key hearing set in Boy Scouts of America bankruptcy case

DOVER, Del. (AP) — A key hearing before a Delaware judge could determine whether the Boy Scouts of America might be able to emerge from bankruptcy later this year. The Boy Scouts, based in Irving, Texas, sought bankruptcy protection in February 2020. The organization took that step amid an onslaught of lawsuits by men who said they were sexually abused as children. Tuesday’s hearing would focus on the latest reorganization […]

09/21/2021 12

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Boy Scouts get conditional approval of $850M bankruptcy deal

DOVER, Del. (AP) — A bankruptcy judge has approved a proposal by the Boy Scouts of America to set up an $850 million fund to compensate tens of thousands of men who say they were sexually abused as youngsters by scout leaders. But the judge on Thursday also rejected two key provisions of the deal, potentially jeopardizing the agreement that the organization had been hoping to use as a springboard […]

08/20/2021 8