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.
The BSA and the Ad Hoc Committee of Local Councils have reached an agreement with the Coalition of Abused Scouts for Justice, which represents a large majority of claimants in our Chapter 11 case, the Official Tort Claimants Committee (TCC), and the Future Claimants Representative (FCR). This agreement ensures that we have the overwhelming support of survivors for the BSA’s proposed Plan of Reorganization, which is a key step in the BSA’s path toward emerging from bankruptcy. Read more here.
The Boy Scouts of America (BSA) is pleased to share that we have made substantial progress in our Chapter 11 case by filing our Third Amended Plan of Reorganization yesterday. This amended Plan marks a significant step toward a global resolution of past abuse claims. It incorporates a number of updates following constructive mediation, which we believe will garner significant support for confirmation. Read more here.
The BSA filed a further amended proposed Plan of Reorganization with the Bankruptcy Court. This plan reaffirms our commitment to equitably compensate survivors and ensure the future of Scouting by moving forward as one Scouting Movement toward a global resolution of past abuse claims. Read more here.
On November 16, 2020, the Boy Scouts of America’s (BSA) reached the bar date in its Chapter 11 case, marking the deadline for survivors to come forward and seek compensation from a proposed Trust. Read more here.