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A scout receives a blue Eagle Scout neckerchief during a ceremony. Photo: David Ryder/Getty Images

The Boy Scouts of America struck a $850 million settlement Thursday evening with tens of thousands of survivors of sexual abuse, Reuters reports.

Why it matters: This is the biggest settlement in a child sexual abuse case in U.S. history, according to NBC News.

Catch up quick: The Boy Scouts filed for bankruptcy in February 2020 after facing mounting legal costs amid multiple sexual abuse lawsuits. Last November, ahead of the deadline for the organization's bankruptcy case, 90,000 sexual abuse claims were submitted against the organization.

The big picture: As part of the settlement the Boy Scouts will dispense "$850 million in cash and other assets to survivors," and place insurance rights into a trust that will "administer claims and distribute payments," per the Wall Street Journal.

  • The Boy Scouts said in a statement Thursday that the settlement will help them emerge from bankruptcy, according to NBC News.

What they're saying: “I am pleased that both the BSA and their local councils have stepped up to be the first to compensate the survivors,” said Ken Rothweiler, an attorney with the law firm representing one of the groups of claimants, per NBC News.

  • “We will now negotiate with the insurers and sponsoring and chartering organizations who have billions of dollars in legal exposure, of which a substantial portion is necessary to fairly compensate the survivors," he added.

Go deeper

California plans to object to Activision settlement

Image: NurPhoto/Getty Images

In new court filings, California’s Department of Fair Employment and Housing has indicated that it plans to officially object to September’s proposed anti-harassment settlement between Activision Blizzard and the federal Equal Employment Opportunity Commission.

Why it matters: A scrapped settlement could extend the scrutiny Activision faces from myriad investigations and lawsuits while delaying or nixing a planned $18 million victims fund.

Updated 3 hours ago - World

North Korea claims latest missile test new weapon launched from submarine

North Korean state media claims the country's military fired this missile on Tuesday. Photo: Korean Central News Agency

North Korean state media announced that a detected ballistic missile launch off its east coast on Tuesday was a newly developed weapon test-fired from a submarine.

Why it matters: Pyongyang's latest in a series of recent missile launches into the sea happened hours after U.S. officials emphasized their commitment to restart negotiations on North Korea's nuclear weapons program, which have stalled since talks broke down during the Trump administration, AP notes.

5 hours ago - Politics & Policy

Manchin's massive means test

Illustration: Aïda Amer/Axios

Sen. Joe Manchin (D-W.Va.) is offering progressives a trade: He'll vote for their cherished social programs if they accept strict income caps for the recipients, people familiar with the matter tell Axios.

Why it matters: Manchin’s plan to use so-called means-testing for everything from paid family medical leave to elder and disabled care would drastically shrink the size and scope of the programs. It also would bring a key moderate vote to the progressive cause.