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.
Bombshell claims by former campaign director rock Platner’s campaign hours before polls open
Watch: NY Knicks Fans Desecrate National Anthem to Spite Trump
Four Armed Teens Try To Carjack Marine Vet: It Doesn’t End Well for Them
Trump’s SAVE America Act shows signs of life in the Senate despite Republican revolt
EPA And Private Business Helps LA Wildfire Survivors Where City Won’t
GOP grows antsy over Trump intel pick as Democrats vow spy powers revolt
75-Year-Old Nabbed at Border With Half a Million in Hard Narcotics
US Army helicopter goes down, but President Donald Trump says ‘pilots are fine’
GOP lawmaker warns voters that Platner’s ‘extreme’ policies just as concerning as his baggage: ‘Stay away’
Trump DOJ intensifies scrutiny of California as ballot counting continues
Vance refers Tim Walz, Minnesota attorney general to DOJ for criminal investigation over state’s alleged fraud
Karmelo Anthony stays silent as analysts warn defense faces uphill battle in track meet stabbing trial
Massachusetts lawmakers pass bill to scrap ‘offensive language’ from state’s General Laws
Navy sailor admits killing fellow service member as mother questions missed warning signs
Gwyneth Paltrow’s ‘Centrist’ Politics Reveal How Far the Left Has Moved: ‘My Husband Thinks I’m a Republican’
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.
Bombshell claims by former campaign director rock Platner’s campaign hours before polls open
Watch: NY Knicks Fans Desecrate National Anthem to Spite Trump
Four Armed Teens Try To Carjack Marine Vet: It Doesn’t End Well for Them
Trump’s SAVE America Act shows signs of life in the Senate despite Republican revolt
EPA And Private Business Helps LA Wildfire Survivors Where City Won’t
GOP grows antsy over Trump intel pick as Democrats vow spy powers revolt
75-Year-Old Nabbed at Border With Half a Million in Hard Narcotics
US Army helicopter goes down, but President Donald Trump says ‘pilots are fine’
GOP lawmaker warns voters that Platner’s ‘extreme’ policies just as concerning as his baggage: ‘Stay away’
Trump DOJ intensifies scrutiny of California as ballot counting continues
Vance refers Tim Walz, Minnesota attorney general to DOJ for criminal investigation over state’s alleged fraud
Karmelo Anthony stays silent as analysts warn defense faces uphill battle in track meet stabbing trial
Massachusetts lawmakers pass bill to scrap ‘offensive language’ from state’s General Laws
Navy sailor admits killing fellow service member as mother questions missed warning signs
Gwyneth Paltrow’s ‘Centrist’ Politics Reveal How Far the Left Has Moved: ‘My Husband Thinks I’m a Republican’
“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.
