Washington: Boy Scouts of America has achieved a settlement of $ 850 million with groups representing tens of thousands of men with sexual abuse claims, a big step to overcome the flood of charges that make the organization become bankruptcy.
In the submission on Thursday with the US Bankruptctechnic Court in Delaware, the Boy Scouts (BSA) said the completion with the reconnaissance coalition was misused for justice and two other groups included claims around 60,000 abuse of abuse.
It is said that the Accord provides a framework for global settlement of abuse claims and can allow it to emerge from the protection of Chapter 11 “later this year.” “Bring these groups together marks important milestones …
when it can work towards our dual imperative which is fairly compensate for victims of abuse and preserving scouting missions,” said 111-year-old non-profit said in a statement.
Separate groups said the agreement “significant achievement that reached consensus” among most prosecutions, boys scouts and more than 250 local councils.
Thursday settlement requires the approval of the judge and can face the opposition from an insurance company that will be on the hook for payment.
In submission of the court, Affiliate American International Group Inc., Chubb Ltd, travelers and other insurance companies said the scout boy excluded them from negotiations and gave too many victims’ lawyers to compile solutions.
“With only a change that keeps the house-hen, the results are at all contrary to what can be confirmed by the plan (bankruptcy) that can be confirmed,” said insurance affiliation.
Founded in 1910, Boy Scouts submitted Article 11 in February 2020 after being beaten with hundreds of legal demands of sexual abuse.
These demands were submitted after several US states, including New York, began to let people demand alleged sex violations that occurred over the previous decades.
Archiving bankruptcy covering the national organization, not a local council.
This case is in Re Boy Scouts of America, UST aim, Delaware District, No.
20-10343.