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Boy Scouts propose more than $300 million, Norman Rockwell paintings to settle sex abuse claims

The Boy Scouts of America unveiled its reorganization plan Monday in bankruptcy court as it attempts to deal with tens of thousands of sex abuse claims from former Scouts.

(Associated Press)

 By KIM CHRISTENSENSTAFF WRITER 

MARCH 1, 2021 9:50 PM PT

The Boy Scouts of America, struggling to stay afloat while compensating tens of thousands of survivors of past sexual abuse, on Monday pledged to provide a victims’ trust fund with at least $300 million from its local councils and proceeds from insurance policies and the sale of a collection of Norman Rockwell oil paintings.

The offer was detailed in a reorganization plan submitted by the Scouts, which filed for bankruptcy protection last year amid a wave of new sex abuse lawsuits after several states, including California, New York and New Jersey, expanded legal options for childhood victims to sue.

The 379-page plan, filed late Monday in U.S. Bankruptcy Court in Delaware, did not place a total on how much the 111-year-old youth organization is willing to pay to settle more than 85,000 sex abuse claims by former scouts.

Details must still be negotiated with plaintiffs’ attorneys, who are not likely to readily settle for what is in the plan, which excludes high-adventure camps and other valuable real estate around the country. At the time of the bankruptcy, the national organization had assets of more than $1 billion, with billions more held by local councils.

Read more: https://www.latimes.com/california/story/2021-03-01/boy-scouts-reorganization-plan-sex-abuse-claims

Boy Scouts face thousands of sexual assault allegations

Child sex abuse is ingrained in American society.

Boy Scouts file for bankruptcy due to sex-abuse lawsuits

(AP) Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the hallowed, 110-year-old organization to carry on.

The Chapter 11 filing in federal bankruptcy court in Wilmington, Delaware, sets in motion what could be one of the biggest, most complex bankruptcies ever seen. Scores of lawyers are seeking settlements on behalf of several thousand men who say they were molested as scouts by scoutmasters or other leaders decades ago but are only now eligible to sue because of recent changes in their states’ statute-of-limitations laws.

By going to bankruptcy court, the Scouts can put those lawsuits on hold for now. But ultimately they could be forced to sell off some of their vast property holdings, including campgrounds and hiking trails, to raise money for a compensation fund that could surpass a billion dollars.

Read more: https://www.koamnewsnow.com/boy-scouts-file-for-bankruptcy-due-to-sex-abuse-lawsuits/