U.S. News

Boy Scouts Reaches $850 Million Settlement With Sex Abuse Victims

MERIT BADGE: BANKRUPTCY

The Scouts filed for Chapter 11 bankruptcy in February of last year amid a flood of lawsuits from sexual abuse survivors.

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The Boy Scouts of America reached a mammoth settlement agreement with representatives of tens of thousands of victims of sexual abuse, according to a Thursday filing in Delaware bankruptcy court first reported by Reuters. The settlement, worth some $850 million, will go to roughly 60,000 people who brought claims against the organization over abuse. The Scouts filed for Chapter 11 bankruptcy in February of last year amid a flood of lawsuits from sexual abuse survivors across the world.

Read it at Reuters

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