06 Jan, 2022

The Boy Scouts’ $2.7 Billion Settlement May Not Have Enough Support

Posted by : ZeroRisk Cases Marketing

News.law January 6, 2022

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.

Read the source article at The New York Times

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