The District Court has ruled to uphold the order confirming the BSA’s Plan of Reorganization. This ruling represents a pivotal milestone in the national organization of the Boy Scouts of America (BSA)’s financial restructuring case and solidifies a path forward for both survivors and Scouting. Read more here.
The Boy Scouts of America (BSA) is pleased to share that the Bankruptcy Court has approved its Plan of Reorganization. Read more here.
Judge Laurie Selber Silverstein has approved most of the BSA’s proposed Plan of Reorganization. This ruling represents a significant milestone in the BSA’s financial restructuring. Read more here.
The Boy Scouts of America’s Proposed Plan of Reorganization has won overwhelming support from survivors of past abuse in Scouting, with more than 85% voting to approve the Plan. If approved by the Court in the confirmation hearing beginning next week, the Plan is set to establish the largest sexual abuse compensation fund in the history of the United States. Read more here.
The BSA is pleased to have entered into a term sheet reflecting an agreement with, among others, the Tort Claimants Committee (TCC). With the addition of the TCC, all significant survivor constituencies now support the BSA’s Plan, which is poised to establish the largest sexual abuse compensation fund in the history of the United States. Read more here.
As a result of extensive mediated negotiations, the BSA has reached agreements with The Hartford and The Church of Jesus Christ of Latter-day Saints (TCJC) that provide for The Hartford’s contribution of $787 million and TCJC contribution of $250 million to the proposed Settlement Trust to compensate survivors. The amended Plan also solidifies a path forward to ensure that Chartered Partners are represented in the BSA’s financial restructuring process. Read more here.