The Boy Scouts of America (BSA) has sought bankruptcy protection in a move the group says will allow it to build a compensation fund for sex abuse victims and address hundreds of outstanding claims for redress.
The move follows a number of lawsuits filed against the organisation over claims of sexual abuse, alleging it failed to prevent hundreds of cases dating back over decades.
Most of the newly surfacing cases date to the 1960s, ’70s and ’80s; the organisation says there were only five known abuse victims in 2018.
All civil lawsuits against it are now on hold as a result of the bankruptcy application as the group is struggling with declining membership as well as the abuse claims.
“The BSA cares deeply about all victims of abuse and sincerely apologises to anyone who was harmed during their time in scouting. We are outraged that there have been times when individuals took advantage of our programs to harm innocent children,” chief executive Roger Mosby said in a statement.
Court papers filed in Delaware listed liabilities of up to $1bn and assets of as much as $10bn, reports say.
Wall Street banks helped Chinese military-linked firm raise billions despite red flags, lawmakers find
Republicans recoil as Trump’s billion-dollar DOJ ‘slush fund’ for allies threatens ICE, Border Patrol plan
Manhunt underway after woman allegedly assaulted inside Harvard dorm, suspect spotted at MIT: officials
Fox News ‘Antisemitism Exposed’ Newsletter: Mamdani snubs the Jews again
‘A Day I Hoped Would Not Come’: Susie Wiles Laments as Key Official Exits White House
Netanyahu’s ‘Hair Was on Fire’ After Clashing with Trump in ‘Difficult’ Call on Latest Iran Proposal: Report
A Pastor Preached John 3:16: The Government Called It a Crime
Dem Senate Candidate Graham Platner Once Delighted in Clip of Purple Heart Veteran Being Shot and Almost Killed
Legal expert unleashes on Spanberger’s new executive order targeting ICE: ‘Political theater’
Former White House envoy has warning for Trump on how not to get played by Iran
First, the Strait of Hormuz — what choke point could be next?
Colorado Democrats formally censure Gov Polis over Tina Peters commutation
Brooklyn mother who drowned her three children in the ocean near Coney Island sentenced to decades in prison
Former DOJ prosecutor charged with stealing confidential Jack Smith investigation documents about Trump
String of burglaries rocking LA residential area committed by South American gangs, DA says
Among the matters to be addressed in the bankruptcy court are the fate of the Boy Scouts’ assets; the extent to which the organisation’s insurance will help cover compensation; and whether assets of the Scouts’ 261 local councils will be added to the fund.
As Breitbart News reported, the Boy Scouts of America first mooted filing for bankruptcy back in 2018.
On that occasion leadership of the youth organization hired the law firm Sidley Austin LLP to explore a wide range of options, including petitioning for relief under Chapter 11.
Legal experts noted then that filing for bankruptcy would “stave off” at least 140 lawsuits filed against the organization alleging misconduct by scoutmasters.
The Boys Scouts of America has undertaken rebranding efforts since, with the nonprofit renaming itself “Scouts BSA” in 2019.
In May last year, BSA announced girls will be allowed to join the group in the future. “We wanted to land on something that evokes the past but also conveys the inclusive nature of the program going forward,” Surbaugh said at the time of the announcement.
Wall Street banks helped Chinese military-linked firm raise billions despite red flags, lawmakers find
Republicans recoil as Trump’s billion-dollar DOJ ‘slush fund’ for allies threatens ICE, Border Patrol plan
Manhunt underway after woman allegedly assaulted inside Harvard dorm, suspect spotted at MIT: officials
Fox News ‘Antisemitism Exposed’ Newsletter: Mamdani snubs the Jews again
‘A Day I Hoped Would Not Come’: Susie Wiles Laments as Key Official Exits White House
Netanyahu’s ‘Hair Was on Fire’ After Clashing with Trump in ‘Difficult’ Call on Latest Iran Proposal: Report
A Pastor Preached John 3:16: The Government Called It a Crime
Dem Senate Candidate Graham Platner Once Delighted in Clip of Purple Heart Veteran Being Shot and Almost Killed
Legal expert unleashes on Spanberger’s new executive order targeting ICE: ‘Political theater’
Former White House envoy has warning for Trump on how not to get played by Iran
First, the Strait of Hormuz — what choke point could be next?
Colorado Democrats formally censure Gov Polis over Tina Peters commutation
Brooklyn mother who drowned her three children in the ocean near Coney Island sentenced to decades in prison
Former DOJ prosecutor charged with stealing confidential Jack Smith investigation documents about Trump
String of burglaries rocking LA residential area committed by South American gangs, DA says
“We’re trying to find the right way to say we’re here for both young men and young women.”
In the 14 months since then, the youth organization has allowed children who identify as girls to join the Scouts, a controversial move that was seen by some, including Girl Scouts of the USA President Kathy Hopinkah Hannan, as an attempt to raise their diminished enrollment numbers.
The 100-year-old organization could now be forced to sell off some of its vast property holdings to raise money for a compensation fund that could surpass $1 billion.
Story cited here.
