Boy Scouts reach settlement deal with sexual abuse survivors
Irving-based Boy Scouts of America and attorneys representing thousands of sexual abuse survivors have reached a deal that will allow the BSA's bankruptcy plan to move forward.
- The new deal doesn't add any money to the latest $2.7 billion settlement offer, but it does add improvements to the claims process and enhances the BSA's child-protection policies, according to the LA Times.
Why it matters: This is the largest sex-abuse lawsuit in history, involving more than 80,000 survivors and an American institution once considered virtuous and wholesome.
Flashback: Last month, 54,000 survivors involved in the lawsuit voted on the settlement. U.S. bankruptcy judge Laurie Selber Silverstein had said the plan needed a "yes" vote of about 75% to be confirmed. It got 73%.
What they're saying: "Moving forward, the goal of our financial restructuring process remains the same: We are steadfast in our commitment to equitably compensate survivors and preserve the mission of Scouting," the BSA said Thursday in a statement.
The big picture: The settlement amounts to around $30,000 per survivor.
What's next: Both sides will go before the bankruptcy judge at a hearing Feb. 22.
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