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| Boy Scouts Of America Reaches Pivotal Agreement With Victims [Fox News] |
| 2021-07-02 |
| [FoxNews] The Boy Scouts of America have reached an agreement with attorneys representing some 60,000 victims of child sex abuse in what could prove to be a pivotal moment in the organization’s bankruptcy case. Attorneys for the BSA filed court papers late Thursday outlining a restructuring support agreement, or RSA, with attorneys representing abuse victims. The agreement includes both the official tort claimants committee, which is charged with acting as a fiduciary in the bankruptcy case for all abuse victims, as well as a separate plaintiffs group called the Coalition of Abused Scouts for Justice. It also includes attorneys representing local Boy Scouts councils and lawyers appointed to represent victims who might file future claims. The Boy Scouts of America, based in Irving, Texas, sought bankruptcy protection in February 2020, moving to halt hundreds of lawsuits and create a compensation fund for men who were molested as youngsters decades ago by scoutmasters or other leaders. But BSA attorneys have been unable to get attorneys for victims, the BSA’s local councils and sponsoring organizations, and insurers to agree on a global resolution that would compensate abuse victims while allowing the Boy Scouts of America to continue operating. The Hartford agreed to pay $650 million into the victims' trust in exchange for being released from any further obligations under policies dating to 1971. The agreement allowed The Hartford to pay a lesser amount if the BSA or the settlement trust reaches an agreement with another major BSA insurer, Century Insurance Group, and Century’s settlement amount is less than two times The Hartford’s, or $1.3 billion. The Hartford settlement was roundly criticized by attorneys for abuse victims, who estimate the insurer’s liability exposure at several billion dollars. They made it clear that victims would not support any plan that includes the Hartford settlement. The Boy Scouts have said that between $2.4 billion and $7.1 billion, including insurance rights, might be available for abuse victims. Attorneys for the tort claimants committee, or TCC, have estimated the value of some 82,500 sexual abuse claims at about $103 billion. |
| Posted by:Ebbasing Uleregum2165 |
| #1 60,000 victims of sexual abuse! Giving the papists some serious competition. |
| Posted by: Dron66046 2021-07-02 14:28 |