A U.S. judge rejected the Boy Scouts’ reorganization plan, which would have established a trust to compensate men who say they were sexually abused as children by troop leaders
A U.S. bankruptcy judge on Friday rejected the Boy Scouts of America’s reorganization plan and underlying sex abuse settlement, leaving the national youth organization’s ability to emerge from bankruptcy unclear.
Silverstein rejected some aspects of the settlement, saying she could not approve a $250 million settlement between the Boy Scouts and the Church of Jesus Christ of Latter-day Saints, and could not make determinations related to the Boy Scouts’ insurance coverage. The judge suggested that the overall deal was going to take significant time to rework, writing that the Boy Scouts “have some decisions to make.
Those claimants became creditors of the organization, who had to sign off on any plans to restructure and exit bankruptcy.
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