Under the proposed settlement, the BSA and over 250 local councils would contribute a total of $850 million to a settlement trust. The settlement trust, which would also have access to insurance payouts owed to the BSA, would administer the claims and distribute compensation to survivors. The estimated payout for each survivor would be $3,500.
Full Answer
What is the settlement with the Boy Scouts of America?
A judge approved framework for a $2.7 billion settlement that bring The Boy Scouts of America out of Chapter 11 bankruptcy. Three-thousand dollar to two-million dollar settlements will be paid out to the 82,000+ victims of their decades-long sexual abuse lawsuits, depending on the severity of each case.
When will the BSA’s new funds be available to abuse survivors?
Funds could be available for distribution to abuse survivors as soon as early- to mid- 2022. If the BSA’s Plan of Reorganization is approved by creditors, including abuse survivors, the Settlement Trust will be responsible for reviewing, processing, and paying Abuse Claims.
What happens if the BSA’s plan of reorganization is approved?
If the BSA’s Plan of Reorganization is approved by creditors, including abuse survivors, the Settlement Trust will be responsible for reviewing, processing, and paying Abuse Claims.
Why is the Boy Scouts of America going through bankruptcy?
UTAH (ABC4) – The Boy Scouts of America organization is going through bankruptcy as it faces lawsuits from more than 80,000 former scouts who say they were sexually abused by scout leaders.
What is the latest update on the Boy Scout lawsuit?
A bankruptcy court last week approved most parts of a landmark compensation plan of at least $2.5 billion that would end the Boy Scouts' chapter 11 case and resolve roughly 82,200 individual claims of sexual abuse.
What is the status of the Boy Scouts settlement?
The settlement amount has been kept confidential, and will not be released. The Boy Scouts have faces dozens of lawsuits over the past years related to these files, and some cases of abuse were documented starting in the 1920's.
Has the judge made a decision on the BSA lawsuit?
By Randall Chase • Published July 29, 2022 • Updated on July 29, 2022 at 8:26 pm. A Delaware bankruptcy judge has approved parts of the Boy Scouts of America's reorganization plan but rejected other provisions, saying in a ruling Friday that the organization has “decisions to make.”
What's up with the Boy Scout lawsuit?
U.S. Bankruptcy Judge Laurie Selber Silverstein released a 281-page ruling Friday finding Boy Scouts of America, which filed for Chapter 11 bankruptcy in 2020, is likely liable for abuse claims between $2.4 billion and $3.6 billion.
How many claims have been filed against the Boy Scouts of America?
82,000 abuse claimsThe Boy Scouts, founded in 1910, previously has apologized for the abuse and committed itself to equitably compensate people who were abused as children. More than 82,000 abuse claims have been filed against the Boy Scouts, which has called the deal the largest sexual abuse settlement in history.
How much is Philmont Scout Ranch worth?
around $40 millionThe ranch is currently listed as an asset with the organization in the Chapter 11 restructuring plan and has a listed value of around $40 million. Of the “high adventure” facilities listed, Philmont Scout Ranch is the most valuable of the three properties.
How many plaintiffs are in the Boy Scout lawsuit?
On Tuesday, the insurers said that the number of claims ballooned to 82,200 from the initial roughly 300 lawsuits when the Boy Scouts filed for bankruptcy in February 2020. Todd Jacobs, a lawyer for insurers that haven't yet settled with the Boy Scouts, asked Mr.
Why did the Girl Scouts sue the Boy Scouts?
The Girl Scouts sued in 2018, alleging the Boy Scouts' use of "Scouts" and "Scouting" to market to girls violates its trademarks. It said the rebrand created confusion and threatened to marginalize the group.
When did the Boy Scout abuse start?
1920. Around the 1920's the BSA began compiling reports of volunteers considered ineligible to serve in the Boy Scouts due to claims of child sexual abuse.
How many plaintiffs are in the Boy Scout lawsuit?
On Tuesday, the insurers said that the number of claims ballooned to 82,200 from the initial roughly 300 lawsuits when the Boy Scouts filed for bankruptcy in February 2020. Todd Jacobs, a lawyer for insurers that haven't yet settled with the Boy Scouts, asked Mr.
How many lawsuits are against the Boy Scouts?
The BSA cited approximately 200 lawsuits pending in state and federal district courts across the United States and 1700 potential claimants in total. In May of that same year, the U.S. Bankruptcy Court for the District of Delaware set November 16, 2020 at 5pm EST as the bar date for all survivors of sexual abuse.
How much did the Boy Scouts settle?
Boy Scouts reaches historic $850 million settlement with thousands of sex abuse victims. Tens of thousands of people who say they were sexually abused while scouts and filed suit against the Boy Scouts of America have reached an $850 million settlement, the largest in a child sexual abuse case in United States history.
Why did Boy Scouts file bankruptcy?
The Boy Scouts of America filed for Chapter 11 bankruptcy last year as it faced mounting legal costs to defend itself against claims of sexual abuse against boys. Ken Rothweiler, an attorney at Eisenberg Rothweiler in Philadelphia who represents the largest group of claimants — more than 16,800 people — says that this settlement is a start.
Who is Emily Siegel?
Emily Siegel is an investigative reporter with the NBC News Investigative Unit.
Is Boy Scouts safer than ever?
Boy Scouts leadership has insisted that scouting “is safer now than ever before” and 90 percent of the claims against the organization “occurred more than 30 years ago.”
