Boy Scouts File for Bankruptcy Due to Sex-Abuse Lawsuits

Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America has filed for bankruptcy protection in hopes of working out a potentially mammoth victim compensation plan.

  • Published
Image via Associated Press

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the hallowed, 110-year-old organization to carry on. The Chapter 11 filing in federal bankruptcy court in Wilmington, Delaware, sets in motion what could be one of the biggest, most complex bankruptcies ever seen. Scores of lawyers are seeking settlements on behalf of several thousand men…

Read at AP News