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U.S. judge signs off on $850 million Boy Scouts sex abuse settlement By Reuters


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© Reuters. FILE PHOTO: The Boy Scouts of America signage is pictured at its headquarters in Irving, Texas, February 5, 2013. REUTERS/Tim Sharp

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By Maria Chutchian

(Reuters) -The choose overseeing the Boy Scouts of America chapter on Thursday permitted the youth group’s request to log out on an $850 million settlement to resolve tens of 1000’s of intercourse abuse claims.

The ruling by U.S. Chapter Choose Laurie Selber Silverstein of Delaware will allow the Boy Scouts to maneuver forward with a proposed reorganization plan that will enable the group to exit chapter by the tip of the 12 months.

“I discover that debtors have met the related commonplace,” she mentioned in a court docket listening to.

The group should nonetheless acquire approval from collectors to maneuver forward with the deal in a proper plan to exit chapter.

The collectors embody victims of the abuse, who usually supported the settlement.

Based in 1910, the Boy Scouts filed for Chapter 11 chapter safety in February 2020 after being hit with a flood of sexual abuse lawsuits.

Claims multiplied after a number of U.S. states handed legal guidelines permitting accusers, together with adults, to sue over allegations courting again a number of many years.

The Boy Scouts have apologized and mentioned they’re dedicated to fulfilling their “social and ethical accountability to equitably compensate survivors.” The group has mentioned “nothing can undo the tragic abuse that victims suffered” and that it believed the chapter course of was one of the simplest ways to compensate them.

The Boy Scouts mentioned in an announcement that Silverstein’s ruling is “an vital improvement in Boy Scouts of America’s monetary restructuring.”

The settlement is backed by 250 native councils however opposed by insurers, who say representatives of the abuse claimants had an excessive amount of say within the negotiations.

The Boy Scouts’ insurers, which embody Century Indemnity Firm and Hartford Monetary Providers Group (NYSE:), had argued all through the chapter course of that some claims could also be fraudulent.

Except the Boy Scouts attain a decision with the insurers, they’re prone to struggle over the ultimate chapter plan.

Century declined to touch upon the choose’s ruling.

Hartford didn’t instantly return a request for remark.

About 82,000 intercourse abuse claims have been filed in opposition to the Boy Scouts.

Along with the $850 million, the settlement contains the creation of a “little one safety committee” designed to make sure security for Scouts in future.

The choose rejected a provision of the deal that will have allowed the Boy Scouts to pay as much as $10.5 million in charges and bills accrued by attorneys representing a number of thousand victims.

She additionally rejected the group’s request to toss a previous deal via which insurer Hartford Monetary Providers Group agreed to contribute $650 million to a settlement, leaving its dispute with Hartford lingering. The Boy Scouts successfully deserted the Hartford settlement after representatives of victims mentioned they might not help it.

Attorneys for the Boy Scouts, the insurers and victims of abuse are anticipated to seem earlier than Silverstein on Aug. 25.

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