Boys Scouts bankruptcy judge approves sale of BSA warehouse

  • 📰 ABC
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

The Boy Scouts of America wants to use some of the proceeds from the sale to compensate tens of thousands of men who claim they were sexually abused as children while involved in Scouting.

The organization plans to create a victims compensation fund for payouts that could reach more than $1 billion.DOVER, Del. -- The judge presiding over the Boy Scouts of America bankruptcy has approved the organization's request to sell its warehouse and distribution center in North Carolina for roughly $13.5 million and lease back the property from the buyer.

The Boy Scouts of America sought bankruptcy protection in February 2020 to stave off a flood of lawsuits alleging child sexual abuse by Scout leaders and volunteers over several decades. At the time, the BSA was facing about 275 filed lawsuits and was aware of roughly another 1,400 pending claims. But more than 82,200 abuse claims have been submitted in the bankruptcy.

At Friday’s hearing, Silverstein noted that the findings that the BSA and plan proponents are asking her to make in confirming the plan present her with issues that she has never previously faced as a bankruptcy judge. “You’re not in danger of a forthcoming decision in the next few days,” said Silverstein. She must decide a host of controversial and complex issues involving not just the Boy Scouts, but the BSA’s insurers, its 250 local councils, and tens of thousands of troop sponsoring organizations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That’s terrible that a good organization like that is going though this and that it ever happened - had to be bad units as the boy scouts always required 2 deep leadership to be with the boys so I really do not know how the abuse happened - I’m sure lots of claims were false too

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Carter’s Is Hosting a Huge Warehouse Sale You Don’t Want to MissCheck out all the adorable baby items on sale for Carter’s “Baby Boom” warehouse sale, featuring major steals and doorbuster deals.
Source: thebump - 🏆 702. / 51 Read more »

Judge recommends denial of Aqua’s $17.5 million bid to buy Chesco town’s sewer systemAn administrative law judge says the sale of the Willistown sewer system would harm Aqua's existing water and wastewater customers and provide few public benefits,
Source: PhillyDailyNews - 🏆 89. / 67 Read more »

This Luxe Megan Markle-Approved Skincare Brand Has Nearly Everything On Sale Right NowGive your skin a little TLC with this Megan Markle-loved skincare brand. (Psst, use the discount code in the story for even more savings)!
Source: SheKnows - 🏆 558. / 51 Read more »

How California’s farmers have been cut out of the supply chain - The San Francisco ExaminerThroughout California, more than 1.1 billion pounds of almonds from last year’s harvest are sitting in warehouses, a volume roughly one-third larger than this time last year, according to the almondalliance.
Source: sfexaminer - 🏆 236. / 63 Read more »

Crews engaged with Second Alarm fire in Long BeachThe blaze broke out at a structure that appears to be a warehouse on 69th Street.
Source: CBSLA - 🏆 552. / 51 Read more »

2022 NFL Draft preview: Scouting the running backsRunning back is the Texans' most desperate need, but don’t expect general manager Nick...
Source: HoustonChron - 🏆 609. / 51 Read more »