A judge approved a $2.46 billion reorganization plan proposed by the Boy Scouts of America, which would allow it to continue operating while compensating tens of thousands of men who say they were sexually abused as children while involved in Scouting.
Anderson said most of the $2.46 billion is to be paid to survivors, but some funds would be set aside in a trust to continue litigation against entities that have not settled, mainly insurance companies.Anderson said the settlement has drawn mixed reactions from his clients. Many are proud they stood up and demanded a cleanup of the Irving, Texas-based Boy Scouts, while others feel like they were dismissed because the organization “hid behind the statute of limitations” in some states.
A federal district judge must now sign off on Silberstein’s ruling. Opponents are expected to file an appeal. When it filed for bankruptcy, the BSA faced about 275 filed lawsuits and was aware of numerous other potential cases. More than 80,000 abuse claims were eventually filed as part of the bankruptcy.Attorneys for BSA insurers argued early on that the sheer volume of claims was an indication of fraud and the result of aggressive client solicitation by attorneys and for-profit claims aggregators. While some of those insurers later negotiated settlements, other insurers continued to oppose the plan.
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