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.
Watch: Lindsay Clancy Jurors Accidentally Admit They Made Their Decision Based on the Wrong Criteria
Art Garfunkel Says He’s Contemplating Leaving America Because of Trump
Oil hits $100 per barrel after US hit Iranian tankers near Strait of Hormuz
EXCLUSIVE — Newsom’s hard truth for Democrats: ‘It’s our performance’
Trump hails ‘really big night’ for populists in German election after historic victory
Supreme Court chief justice praises outgoing Smithsonian leader who was under pressure from Trump admin
Who were the key figures in the Bush administration on 9/11, and where are they now
George Bush welcomes top officials to his home state for 9/11 remembrance on 25th anniversary of attacks
Socialist politicians are ‘more racist than the KKK,’ says Black Dem official urging voters to ditch El-Sayed
Appeals court upholds order blocking IRS from sharing taxpayer data with ICE
Senator’s daughter wins Democratic nod in closely watched race to replace outgoing Dem incumbent
Data shows Amazon jet’s key braking systems did not deploy during deadly Miami crash: NTSB
Ex-Dem lobbyist for company that promoted addictive opioid clears key gubernatorial hurdle
Wife of top ex-Biden advisor easily advances to House showdown in November
Cold case takes grim turn after remains identified as runaway teen; homicide investigation underway
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.
Watch: Lindsay Clancy Jurors Accidentally Admit They Made Their Decision Based on the Wrong Criteria
Art Garfunkel Says He’s Contemplating Leaving America Because of Trump
Oil hits $100 per barrel after US hit Iranian tankers near Strait of Hormuz
EXCLUSIVE — Newsom’s hard truth for Democrats: ‘It’s our performance’
Trump hails ‘really big night’ for populists in German election after historic victory
Supreme Court chief justice praises outgoing Smithsonian leader who was under pressure from Trump admin
Who were the key figures in the Bush administration on 9/11, and where are they now
George Bush welcomes top officials to his home state for 9/11 remembrance on 25th anniversary of attacks
Socialist politicians are ‘more racist than the KKK,’ says Black Dem official urging voters to ditch El-Sayed
Appeals court upholds order blocking IRS from sharing taxpayer data with ICE
Senator’s daughter wins Democratic nod in closely watched race to replace outgoing Dem incumbent
Data shows Amazon jet’s key braking systems did not deploy during deadly Miami crash: NTSB
Ex-Dem lobbyist for company that promoted addictive opioid clears key gubernatorial hurdle
Wife of top ex-Biden advisor easily advances to House showdown in November
Cold case takes grim turn after remains identified as runaway teen; homicide investigation underway
“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.
