Statement of the Boy Scouts of America
This ruling represents a pivotal milestone in the national organization of the Boy Scouts of America (BSA)’s financial restructuring case and solidifies a path forward for both survivors and Scouting. We are enormously gratified that the District Court has ruled to uphold the order confirming the BSA’s Plan of Reorganization, which is poised to establish the largest sexual abuse compensation fund in the history of the United States—currently valued at $2.4 billion, with the opportunity for significant additional contributions from non-settling insurance companies and other parties.
The BSA’s proposed Plan of Reorganization already won overwhelming support from survivors of past abuse in Scouting, with more than 85% voting to approve it. We continue to be enormously grateful to the survivor community, whose bravery, patience, and willingness to share their experiences has been instrumental in the formation of this Plan. This ruling is a welcome step towards equitable compensation for survivors, and they will no doubt have a lasting impact on our organization. We look forward to the organization’s exit from bankruptcy in the near future and firmly believe that the mission of Scouting will be preserved for future generations.
More information and updates about the restructuring are available via the national organization’s dedicated restructuring website, www.BSArestructuring.org.