Civil Litigation,
Bankruptcy
Jan. 6, 2022
Boy Scouts’ $2.7B plan to exit bankruptcy is at risk of failure
“The Boy Scouts tout the plan and the settlements as historically high. When considered from the perspective of the individual abuse survivor, the settlements are historically low,” John Humphrey, co-chair of the Official Tort Claimants’ Committee, said.
The Boy Scouts of America's $2.7 billion plan to exit bankruptcy and compensate thousands of men who say they were sexually abused failed to move forward Tuesday, giving hope to plaintiff attorneys seeking a better deal.
After less than 75% of 54,000 claimants voted to approve the deal, the Official Tort Claimants' Committee, and its co-chair John Humphrey, said survivors were aware of the plan's deficiencies.
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