U.S. Boy Scouts Exits Bankruptcy Following Abuse Settlement

The Boys Scouts of America said on Wednesday it had emerged from bankruptcy after battling back appeals over its $2.46 billion settlement of decades of sexual abuse claims.

The Boy Scouts’ three-year Chapter 11 bankruptcy case resulted in the largest sexual abuse settlement fund in U.S. history and resolves claims by more than 80,000 men who say they were abused as children by troop leaders, according to the organization.

Boy Scouts of America CEO Roger Mosby in a statement thanked the men who had spoken out about being abused, saying their advocacy would protect current and future Scouts from the kinds of predation that they suffered in the past.

Read the source article at news.yahoo.com