Boy Scouts of America File for Bankruptcy Amid Sexual Abuse Lawsuits
- 4 years ago
Boy Scouts of America File for
Bankruptcy Amid Sexual Abuse Lawsuits On Feb. 18, the Boy Scouts of America (BSA)
filed for Chapter 11 bankruptcy protection,
as the group faces a growing wave of lawsuits. In 2019, nearly 8,000 Boy Scouts leaders were accused of sexual abusing children dating back decades, with that number only having grown since. A statement released by the organization says the
decision to file for bankruptcy was made in order to
provide “equitable compensation” to those victims. BSA, via press release More specifically, the bankruptcy process will be
used to establish a “Victims Compensation Trust.’ President and Chief Executive Officer of the BSA,
Roger Mosby, apologized on behalf of the organization
and noted that it “cares deeply” about all those affected. Roger Mosby,
via press release According to the bankruptcy
claim, the BSA estimate
their liabilities to be between
$500 million and $1 billion.
Bankruptcy Amid Sexual Abuse Lawsuits On Feb. 18, the Boy Scouts of America (BSA)
filed for Chapter 11 bankruptcy protection,
as the group faces a growing wave of lawsuits. In 2019, nearly 8,000 Boy Scouts leaders were accused of sexual abusing children dating back decades, with that number only having grown since. A statement released by the organization says the
decision to file for bankruptcy was made in order to
provide “equitable compensation” to those victims. BSA, via press release More specifically, the bankruptcy process will be
used to establish a “Victims Compensation Trust.’ President and Chief Executive Officer of the BSA,
Roger Mosby, apologized on behalf of the organization
and noted that it “cares deeply” about all those affected. Roger Mosby,
via press release According to the bankruptcy
claim, the BSA estimate
their liabilities to be between
$500 million and $1 billion.