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Boy Scouts of America files for bankruptcy due to sex abuse lawsuits

Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the hallowed, 110-year-old organization to carry on.

The Chapter 11 filing in federal bankruptcy court in Wilmington, Delaware, sets in motion what could be one of the biggest, most complex bankruptcies ever seen. Scores of lawyers are seeking settlements on behalf of several thousand men who say they were molested as scouts by scoutmasters or other leaders decades ago but are only now eligible to sue because of recent changes in their states’ statute-of-limitations laws.

By going to bankruptcy court, the Scouts can put those lawsuits on hold for now. But ultimately they could be forced to sell off some of their vast property holdings, including campgrounds and hiking trails, to raise money for a compensation trust fund that could surpass a billion dollars. – READ MORE

The Law Office of Tahira Khan Merritt exclusively represents victims of sexual abuse and sexual assault. We stand ready to help you with your legal needs. If you were sexually assaulted or sexually abused, our law firm can help explain your legal remedies.  For almost twenty years, we have represented victims of sex crimes in civil cases against institutions, including colleges and universities, religious organizations, such as the Catholic church, Baptist church, Greek Orthodox church, Episcopal Church, and Presbyterian church among others. We have also represented victims of sexual abuse in schools,  youth sports organizations,  youth camps, daycares, scouting and the like. You may confidentially contact our office at 214-503-7300 or through our website :  https://tkmlawfirm.com/.

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