Boy Scouts Pledge $250M For Ch. 11 Abuse Settlements

Law360 (June 18, 2021, 4:00 PM EDT) -- The Boy Scouts of America on Friday filed a revised Chapter 11 plan with a Delaware bankruptcy court, saying after talks with tort claimants it is willing to pledge up to $250 million, double its previous contribution, to a settlement trust for sexual abuse survivors.

In an email statement Friday, the BSA said the new proposed plan — filed after "intensive mediation" with tort claimant groups and other stakeholders — will also include at least an additional $75 million contribution by local scouting organizations to the settlement funds.

"Importantly, the BSA is hopeful that this plan, or one very similar to...

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