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.
New York, California projected to lose 6 House seats to red states after 2030, census analysis shows
GOP split over whether Trump’s de-escalation efforts in Minnesota is a ‘retreat’
US deports 3 former Iranian Guard members amid rising tensions with Tehran
What Does It Say About Tim Walz That He Compared ICE to Nazis and Then Offered to Work with Them a Day Later?
‘I Lost Touch With Reality’: Kanye West Takes Out Full-Page WSJ Ad to Ask for ‘Forgiveness’
Trump says US will ‘no longer help’ Iraq if Nouri al Maliki returns to power
Well-known Texas attorney’s wife among victims of deadly private jet crash in Maine
Retired NYPD officer collapses, dies shoveling snow for churchgoers during devastating Northeast winter storm
Joe Biden Gets Hit with a Reality Check After Issuing a Statement on ICE Shooting
Trump hits the road to sell economic wins as Republicans brace for high-stakes midterm showdown
Trump admin marks International Holocaust Remembrance Day honoring millions murdered by Nazi regime
Video: To Assure Attacks on ICE Continue, CNN Airs Guest Suggesting ICE Will Begin ‘Putting People in Ovens’
Florida GOP Rep Vern Buchanan to retire, adding to wave of House exits
Minnesota fraud whistleblower says ‘lack of guardrails was pretty shocking’
Iran Suddenly Wants to Strike a Deal After ‘Big Armada’ Arrives: Trump
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.
New York, California projected to lose 6 House seats to red states after 2030, census analysis shows
GOP split over whether Trump’s de-escalation efforts in Minnesota is a ‘retreat’
US deports 3 former Iranian Guard members amid rising tensions with Tehran
What Does It Say About Tim Walz That He Compared ICE to Nazis and Then Offered to Work with Them a Day Later?
‘I Lost Touch With Reality’: Kanye West Takes Out Full-Page WSJ Ad to Ask for ‘Forgiveness’
Trump says US will ‘no longer help’ Iraq if Nouri al Maliki returns to power
Well-known Texas attorney’s wife among victims of deadly private jet crash in Maine
Retired NYPD officer collapses, dies shoveling snow for churchgoers during devastating Northeast winter storm
Joe Biden Gets Hit with a Reality Check After Issuing a Statement on ICE Shooting
Trump hits the road to sell economic wins as Republicans brace for high-stakes midterm showdown
Trump admin marks International Holocaust Remembrance Day honoring millions murdered by Nazi regime
Video: To Assure Attacks on ICE Continue, CNN Airs Guest Suggesting ICE Will Begin ‘Putting People in Ovens’
Florida GOP Rep Vern Buchanan to retire, adding to wave of House exits
Minnesota fraud whistleblower says ‘lack of guardrails was pretty shocking’
Iran Suddenly Wants to Strike a Deal After ‘Big Armada’ Arrives: Trump
“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.
