Posted by : Ed Lott, Ph.D., M.B.A.
A $2.7 billion plan to give the Boy Scouts of America a pathway out of bankruptcy while compensating tens of thousands of sex abuse victims was at risk of failing on Wednesday, with more than one-quarter of claimants voting to reject the plan in a preliminary tally of votes.
The Boy Scouts have been seeking support from 75 percent of victims to help the youth organization win final approval from a bankruptcy judge, but the preliminary tally showed that 73 percent of victims supported the agreement. The Boy Scouts said in a statement that they were continuing to engage in discussions to supplement the agreement and potentially win further support.
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