The Boy Scouts of America has filed for bankruptcy, according to a court document filed in Delaware bankruptcy court
The youth organization, which celebrated its 110th anniversary February 8, listed liabilities of between $100 million and $500 million, but $50,000 or less in assets.The bankruptcy filing comes at a time when the organization faces hundreds of sexual abuse lawsuits, thousands of alleged abuse victims and dwindling membership numbers. As a result of the filing, all civil litigation against the organization is suspended.
For a lot of abuse survivors, telling their story in a court of law and forcing the organizations to defend their actions can be cathartic. That won't happen with a bankruptcy," Pfau said. Mones said in the aftermath of the Lewis case, his law office received hundreds of phone calls from adult males claiming to have been BSA sexual abuse victims, but many states had statutes of limitation that narrowed their legal options at the time.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Boy Scouts of America files for bankruptcyThe venerable non-profit is following the lead of the scandal-wracked Roman Catholic Church.
Les mer »
Boy Scouts Seek Chapter 11 Protection From Sex-Abuse LawsuitsThe Boy Scouts of America filed for bankruptcy protection, as one of the country’s largest youth organizations tries to endure intensifying legal pressure over accusations of childhood sexual abuse going back decades.
Les mer »
Boy Scouts seek bankruptcy under wave of new sex abuse lawsuitsThe move comes after the deadline for filing childhood sexual assault claims was extended in California and other states.
Les mer »
Boy Scouts file for bankruptcy due to sex-abuse lawsuitsBarraged 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...
Les mer »
The Boy Scouts file for bankruptcy after new sexual abuse allegations - Business InsiderThe Boy Scouts' bankruptcy filing freezes existing litigation and could set a time limit for victims to come forward to receive compensation.
Les mer »