Finance News Opinons Politics Survival & Outdoors

Bankruptcy Filed by Boy Scouts of America over Sex Abuse Lawsuits


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.


Real Estate CEO In Major Democrat City Says He Can’t Convince Clients to Buy Due to Unmitigated Crime
Italy’s Move to the Right Shakes Europe’s Political Elites as Giorgia Meloni Readies to Govern
AOC Claims People Are Having Fewer Kids Because Of Capitalism
Gran Abuelo In Chile Could Be World’s Oldest Living Tree
CNN to Be Sold to Fox News? That Would Be Hilarious
Pollster: Those Polls Might Be Even Better Than You Think for GOP
Obamas Park in Handicapped Spot For Two Hours While Dining at Trendy Sushi Restaurant in Los Angeles
‘They Will Lose’: Jen Psaki Concedes Democrats Can’t Let Midterms Be About Biden
Biden Makes Securing U.S. Jobs Easier for Border Crossers, Illegal Aliens
Chaos Erupts as Large Group of Juveniles Brazenly Loot and Destroy Wawa Food Market in Philadelphia
Buttigieg Explains To Texans Why They Should Buy Electric Vehicles
Trump Slams Former ‘Great Friend,’ Now ‘Ungrateful’ DeSantis
Videos Show Audience Booing Nancy Pelosi at NYC Music Festival
Watch: Elton John Looks Shocked as Biden Says It’s ‘His Fault That We’re Spending $6B’ on HIV and AIDS
NYC: ‘I Killed Two Police Officers and My Religion Made Me Do It’

See also  Adam Carolla Refuses to Apologize, Insists AOC 'Sounds Like an Idiot'

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.


Real Estate CEO In Major Democrat City Says He Can’t Convince Clients to Buy Due to Unmitigated Crime
Italy’s Move to the Right Shakes Europe’s Political Elites as Giorgia Meloni Readies to Govern
AOC Claims People Are Having Fewer Kids Because Of Capitalism
Gran Abuelo In Chile Could Be World’s Oldest Living Tree
CNN to Be Sold to Fox News? That Would Be Hilarious
Pollster: Those Polls Might Be Even Better Than You Think for GOP
Obamas Park in Handicapped Spot For Two Hours While Dining at Trendy Sushi Restaurant in Los Angeles
‘They Will Lose’: Jen Psaki Concedes Democrats Can’t Let Midterms Be About Biden
Biden Makes Securing U.S. Jobs Easier for Border Crossers, Illegal Aliens
Chaos Erupts as Large Group of Juveniles Brazenly Loot and Destroy Wawa Food Market in Philadelphia
Buttigieg Explains To Texans Why They Should Buy Electric Vehicles
Trump Slams Former ‘Great Friend,’ Now ‘Ungrateful’ DeSantis
Videos Show Audience Booing Nancy Pelosi at NYC Music Festival
Watch: Elton John Looks Shocked as Biden Says It’s ‘His Fault That We’re Spending $6B’ on HIV and AIDS
NYC: ‘I Killed Two Police Officers and My Religion Made Me Do It’

See also  NYC’s Largest Police Union Wins Vaccine Mandate Case – Judge Rules Vaccine Mandates “INVALID”

“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.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter

→ What are your thoughts? ←
Scroll down to leave a comment: