Boy Scouts of America files for bankruptcy amid challenges over lawsuits alleging abuse
WILMINGTON, Del. - The Boy Scouts of America said on Tuesday it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse stretching back decades.
The Boy Scouts, based in Irving, Texas, has said that it sincerely apologizes to anyone harmed, that it believes the accusers and that it encourages victims to come forward. The Boy Scouts has said in a statement that “we can live up to our social and moral responsibility to fairly compensate victims” while “also ensuring that we carry out our mission to serve youth, families and local communities through our programs.”
A similar bankruptcy strategy to resolve sex abuse lawsuits has been used by more than 20 Catholic dioceses and USA Gymnastics.
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