Deal Reached Between Boy Scouts and Key Groups for Bankruptcy Trust

A deal between the Boy Scouts and groups representing most of the sexual abuse survivors has been announced. The deal could provide critical support for the $2.7 billion Chapter 11 plan trust, which will be up for confirmation later this month.

According to Law360, the mediator in the Boy Scouts bankruptcy issued a report, which stated the deal had been reached between the BSA, the official committee of tort claimants, the future claimants’ representative, the Coalition of Abused Scouts for Justice, and the ad hoc committee of local scouting councils. This new agreement will be incorporated into the Chapter 11 plan and will provide increased scrutiny and oversight of the settlement trust for the claimants.

On Feb. 22, confirmation hearings are scheduled to begin before U.S. Bankruptcy Judge Laurie Selber Silverstein.

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