Boy Scouts Propose $300M Sex Abuse Settlement Fund

Law360 (March 2, 2021, 4:59 PM EST) -- The Boy Scouts of America have submitted a Chapter 11 plan to the U.S. Bankruptcy Court in Delaware that would create a trust fund to pay sexual abuse claims against the organization with $300 million from its local branches.

The plan, proposed in a disclosure statement submitted to the court Monday, would pay out sexual abuse claims against the Boy Scouts from a pool made up of the assets of local Scouting organizations and the proceeds of insurance policies, artwork, real estate and oil and gas rights provided by the national organization.

"The plan demonstrates that considerable progress has been made...

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