BoyScouts

Insurer agrees to $800M settlement in Boy Scouts bankruptcy

Insurer agrees to $800M settlement in Boy Scouts bankruptcy

By RANDALL CHASE, Associated Press Troy Warren for CNT #EditorsPicks Attorneys in the Boy Scouts of America bankruptcy case have reached a tentative settlement under which one of the organization’s largest insurers would contribute $800 million into a fund for victims of child sexual abuse DOVER, Del. (AP) — Attorneys in the Boy Scouts of America bankruptcy case have reached a tentative settlement under which one of the organization’s largest insurers would contribute $800 million into a fund for victims of child sexual abuse. The agreement announced Monday calls for Century Indemnity Co. and affiliated companies to contribute $800 million into…
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Judge set to begin key hearing in Boy Scouts bankruptcy case

Judge set to begin key hearing in Boy Scouts bankruptcy case

By The Associated Press Troy Warren for CNT #EditorsPicks DOVER, Del. — Attorneys for the Boys Scouts of America are asking a Delaware judge to approve an $850 million agreement that is the foundation of the group’s plan to emerge from bankruptcy. The judge was to begin a hearing Thursday on whether to approve the agreement, which involves the national Boy Scouts organization, the roughly 250 local Boy Scout councils, and law firms representing some 70,000 men who claim they were molested as youngsters by Scoutmasters and others. The Irving, Texas-based Boy Scouts sought bankruptcy protection in February 2020 amid an…
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