Judge Approves Boy Scouts $2.46 Billion Reorganization Plan

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A bankruptcy judge approved a $2.46 billion reorganization plan by the Boy Scouts of America. It will enable it to keep operating while it compensates tens of thousands of men who say there were sexually abused as children while involved in the Scouts.
The Coalition of Abused Scouts for Justice called confirmation of the final approval of the plan historic for “tens of thousands of survivors of childhood sexual assault.”
Coalition representatives said in a news release : “The Court found that the BSA’s liability for abuse claims is most likely between $2.4 billion and $3.6 billion, and approved settlements that will provide for initial funding of $2.279 billion to survivors: $78 million from the BSA, $515 million from local councils, $30 million from the United Methodist Church, and $1.656 billion from settling insurers,”
Over 82,000 men have filed claims saying they were abused as children by troop leaders across the country. (AP News) (CNN)

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