Boys Scouts of America file for bankruptcy, creates fund to compensate sex abuse victims
|
| |
Christian Post ^
| 02/18/2020 | Leonardo Blair
The Boy Scouts of America said Tuesday that the national organization has filed for bankruptcy protection in a bid to ensure equitable compensation for thousands of sexual abuse victims who were harmed while participating in their programs and ensure they can continue to carry out their mission for years to come.The BSA
also noted as a part of the Chapter 11 process, it has created a Victims Compensation Trust that would provide equitable compensation to victims.“The BSA cares deeply about all victims of abuse and sincerely apologizes to anyone who was harmed during their time in Scouting. We are outraged...
|
|
|
US Boy Scouts files for bankruptcy after abuse scandal
|
| |
Breitbart/AFP ^
| 2/18/2020 | Staff
The Boy Scouts of America filed for bankruptcy Tuesday in what it said was an effort to safeguard compensation payouts for sexual abuse victims. The
organization has been accused of covering up generations of abuse inflicted on thousands of its young members and failing to do enough to root out pedophiles using the youth movement to prey on minors over its 110-year history.
|
|
|
Boy Scouts bankruptcy filing expected within hours, victims’ lawyers say
|
| |
NY News ^
| FEB 17, 2020 | 9:31 PM | ESHA RAY
Boy Scouts bankruptcy filing expected within hours, victims’ lawyers say The Boy Scouts of America, after decades of being crippled by child sex abuse claims, plans to file for Chapter 11 bankruptcy by early Tuesday, the Daily News has learned.
|
|
|
Boy Scouts bankruptcy is ‘imminent’ amid sexual abuse scandals
|
| |
nypost.com ^
| February 1, 2020 | Kathianne Boniello
A bankruptcy filing that could spell the end of the Boy Scouts of America is “imminent,” sources told The Post. Crippled by thousands of child sex-abuse claims in multiple states — and with more victims coming forward every day — the bankruptcy case could reach into the “billions,” said one lawyer who
represents 1,800 men who allege they were molested as scouts. The filing, expected in Delaware, could come any day or in the next couple of weeks, sources said. “It’s going to be a mess. If it takes a long period of time, it’s an open question whether the...
|
|
|
Boy Scouts Bankruptcy Strategy Would Pay Victims but Protect Most Assets
|
| |
The Wall Street Journal ^
| Andrew Scurria, Andrea Fuller and Peg Brickley
The Boy Scouts of America has drawn up a strategy for coping with a wave of sexual-abuse claims through a possible bankruptcy filing while protecting local scouting councils and the billions of dollars in assets they hold, according to people familiar with the matter.
|
|
|
Suit against Boy Scouts says new abuse claims uncovered
(BSA considering bankruptcy)
|
| |
SenturyLink ^
| August 6, 2019 | AssociatedPress
Lawyers bringing a lawsuit against the Boy Scouts of America said Tuesday they believe they've turned up allegations of sexual abuse against more than 350 people not previously identified in files released by the organization. Attorneys
with the Abused in Scouting group filed a lawsuit Monday in Philadelphia Common Pleas Court, alleging a one-time scout leader sexually abused a minor identified only by initials. The suit alleges that the abuse of the then-12- or 13-year-old victim by an assistant scout leader started around 1974 or 1975 and continued until about 1980. It also says that the lawyers received allegations of...
|
|
|
The Boy Scouts’ Bankruptcy Is Not Just Financial. It’s Moral
|
| |
The Federalist ^
| 01/02/2019 | Alfred Siewers
What’s left of the Boy Scouts of America (now operating as Scouts BSA) is on the brink of declaring bankruptcy, according to recent news reports. With
estimated assets of more than $1 billion, Scouting’s problems go beyond the financial, deep into the problems with America’s civil culture today. The U.S. Boy Scout movement reached its numerical height in 1969 with 6 million members, in a year with President Richard M. Nixon as honorary head of the Scouts and Eagle Scout astronaut Neil Armstrong stepping out on the moon. I was a Cub Scout that year, once a week proudly wearing...
|
|
|
Boy Scouts of America On Verge Of Bankruptcy After Gender-Neutral Name Change
|
| |
NN ^
| 2018-12-13 21:00 | Daniel Chaitin
The Boy scouts of America, the 108-year-old organization synonymous with traditional values in the US, is on the verge of declaring bankruptcy, according to the Wall Street Journal.The report comes amid news of sinking membership and various controversies surrounding the traditional organization, including its decision to change its program name from Boy
Scouts to 'gender natural' Scouts BSA allowing girls to enter the program.
|
|
|
Boy Scouts of America looks to bankruptcy as membership falls, lawsuits mount
|
| |
Market Watch ^
| 12/13/2018 | By Katy Stech Ferek
The Boy Scouts of America is considering filing for bankruptcy protection as it faces dwindling membership and escalating legal costs related to lawsuits over how it handled allegations of sex abuse. Leaders
of the Boy Scouts, one of the country’s largest youth organizations, have hired law firm Sidley Austin LLP for assistance with a possible chapter 11 bankruptcy filing, according to people familiar with the matter. Founded in 1910, the Boy Scouts of America says that more than 110 million people have participated in its educational programs, which promote outdoors skills, character-building and leadership. The Boy Scouts have been at...
|
|
|
Boy Scouts of America weighs bankruptcy
|
| |
www.washingtonexaminer.com ^
| December 12, 2018 05:25 PM | by Diana Stancy Correll
The Boy Scouts of America is weighing filing for bankruptcy protection, according to a new report. The
group’s leaders have brought on the Sidley Austin law firm to provide support in the event of a chapter 11 bankruptcy filing, sources familiar with the situation told the Wall Street Journal. The potential move coincides with a decline in membership and mounting legal fees connected to a series of lawsuits related to the organization’s management of sexual abuse allegations. For example, four men sued the Boy Scouts in July, accusing the group of not taking appropriate action to prevent an accused serial...
|
|
|
Boy Scouts of America Considers Bankruptcy Amid Sex-Abuse Lawsuits
|
| |
The Wall Street Journal ^
| 12/13/2018
The Boy Scouts of America is considering filing for bankruptcy protection as it faces dwindling membership and escalating legal costs related to lawsuits over how it handled allegations of sex abuse. Leaders
of the Boy Scouts, one of the country’s largest youth organizations, have hired law firm Sidley Austin LLP for assistance with a possible chapter 11 bankruptcy filing, according to people familiar with the matter.
|
|
|
Boy Scouts of America may declare bankruptcy
|
| |
New York Post ^
| December 12, 2018 | Max Jaeger
The Boy Scouts of America is mulling declaring bankruptcy amid flagging membership and an avalanche of costly sex abuse allegations, according to the Wall Street Journal. Leaders have hired Chicago law firm Sidley Austin for help in a potential Chapter 11 bankruptcy filing, sources told the outlet. The
organization has been fending off lawsuits over alleged abuse, including one filed by four former scouts who called the club a “pedophile magnet” and alleged that they were molested by scoutmaster Waldron Ackerman between 1974 and 1976. The organization has reportedly lost two-thirds of its members — some 4 million boys —...
|
|