The BSA’s previous plan for a global resolution of more than 80,000 sexual abuse claims called for a $300 million contribution by local councils to a victims trust, about $115 million in cash and noninsurance assets from the BSA, and the assignment of BSA and local council insurance policies. In return, the BSA, its 253 local councils and hundreds of sponsoring organizations such as churches and civic groups would be released from further liability. Any insurance companies that agree to pay specific settlement amounts into the trust also would be shielded from further liability.
The new plan increases the contribution from local councils to $425 million but keeps the national organization’s contribution at $115 million. More than half that amount consists of the estimated value of the BSA’s art collection, including several Norman Rockwell paintings.
New Boy Scouts bankruptcy plan could exclude local councils | iNFOnews | Thompson-Okanagan s News Source
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New Boy Scouts bankruptcy plan could exclude local councils
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