The Boy Scouts of America (BSA) has reached a preliminary $850m (£617m) settlement with 60,000 survivors of historic sexual abuse. The agreement (known as a Restructuring Support Agreement) has yet to be approved by the Bankruptcy Court in Wilmington, Delaware – and by the survivors.
The agreement, filed in court last week is a step toward resolving a complex bankruptcy case, and includes the BSA national leadership, survivors, and local BSA councils.
On Tuesday this week the Boy Scouts of America (BSA) was forced to file for bankruptcy as it faces legal challenges over thousands of allegations of sexual abuse. It lodged papers in Delaware Court as it attempts to negotiate a compensation plan for abuse victims.
The BSA which has been in existence for 110 years was founded in 1910 and it has kept confidential files since the 1920s listing staff and volunteers accused of sexual abuse, for the purposes of keeping predators away from children.