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.
Fmr Dem Rep Barney Frank, sharp-tongued liberal trailblazer, Dodd-Frank co-author dies
The red states charging ahead with America’s wealth as rivals watch billions slip away
Media Melts Down Over More White Afrikaners Coming to America as Refugees and We All Know Why
Leftists Are Spiraling After Thomas Massie’s Loss and Conservatives Should Take That as a Good Sign
Leftists Beg College Athletes to Ditch SEC Schools in States with Redistricting
Costco Recalls Popular Item After Person Suffers Second-Degree Burns
MTG says GOP’s future ‘destroyed’ after Trump-backed primary challenger defeats Thomas Massie in primary
Trump admin accuses Hamas of backing Gaza flotilla, sanctions activist and Muslim Brotherhood networks
Trump roils Senate GOP amid struggles with immigration bill
Meet the four Pennsylvania Democrats who could flip control of the House
Poland offering US ‘firsthand experience’ to help transition Cuba from communism
Georgia Republicans head to runoff in secretary of state race defined by 2020 election claims
DHS blasts California sanctuary policies after jail releases illegal immigrant accused in hit-and-run
Squad-endorsed socialist wins heated primary to represent America’s birthplace
Former top Oregon GOP official secures nomination for governor as Republicans target blue-state pickup
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.
Fmr Dem Rep Barney Frank, sharp-tongued liberal trailblazer, Dodd-Frank co-author dies
The red states charging ahead with America’s wealth as rivals watch billions slip away
Media Melts Down Over More White Afrikaners Coming to America as Refugees and We All Know Why
Leftists Are Spiraling After Thomas Massie’s Loss and Conservatives Should Take That as a Good Sign
Leftists Beg College Athletes to Ditch SEC Schools in States with Redistricting
Costco Recalls Popular Item After Person Suffers Second-Degree Burns
MTG says GOP’s future ‘destroyed’ after Trump-backed primary challenger defeats Thomas Massie in primary
Trump admin accuses Hamas of backing Gaza flotilla, sanctions activist and Muslim Brotherhood networks
Trump roils Senate GOP amid struggles with immigration bill
Meet the four Pennsylvania Democrats who could flip control of the House
Poland offering US ‘firsthand experience’ to help transition Cuba from communism
Georgia Republicans head to runoff in secretary of state race defined by 2020 election claims
DHS blasts California sanctuary policies after jail releases illegal immigrant accused in hit-and-run
Squad-endorsed socialist wins heated primary to represent America’s birthplace
Former top Oregon GOP official secures nomination for governor as Republicans target blue-state pickup
“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.
