After a judge refused to approve a settlement between the organizations, the Boy Scouts of America (BSA) will attempt to exit bankruptcy without a $250 million payment from the Church of Jesus Christ of Latter-day Saints. In exchange for a $250 million contribution to the BSA settlement fund, the BSA agreed to protect the Mormon… Continue reading Boy Scouts Walk Back $250M Mormon Church Abuse Settlement
Tag: Chapter 11 Boy Scouts
Boy Scouts Ruling Threatens $250 Million Abuse Deal With Mormons
After a judge rejected a key provision of a deal the youth group signed with The Church of Jesus Christ of Latter-day Saints, the Boy Scouts of America may be forced to cut $250 million from its proposal to establish a trust fund for sex abuse victims. The complex ruling by US Bankruptcy Court Judge… Continue reading Boy Scouts Ruling Threatens $250 Million Abuse Deal With Mormons
Judge Rules Boy Scouts Must Change $2.7 Billion Sex Abuse Fund
A judge ruled that the Boy Scouts of America must revise their plan to establish the largest sexual abuse compensation fund in the United States in order to receive final court approval for the $2.7 billion proposal. The decision came after weeks of testimony from abuse experts, financial advisers, and insurance specialists about whether it… Continue reading Judge Rules Boy Scouts Must Change $2.7 Billion Sex Abuse Fund
Boy Scouts Wrap Up Month-Long Trial Over $2.7B Sex Abuse Deal
The Boy Scouts of America completed a month-long court hearing on Thursday regarding its proposed reorganization plan and a $2.7 billion settlement with thousands of men who claim troop leaders sexually abused them as children. At the conclusion of the trial, U.S. Bankruptcy Judge Laurie Selber Silverstein stated that she would rule on the plan… Continue reading Boy Scouts Wrap Up Month-Long Trial Over $2.7B Sex Abuse Deal