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Judge upholds Boy Scouts’ $2.4 billion bankruptcy reorganization plan

The Boy Scouts of America (BSA) has been approved by a federal district court judge for a $2.4 billion Bankruptcy Reorganization plan aimed at resolving tens of thousands of child sexual abuse claims against the organization. The plan would allow the Irving, Texas-based BSA to continue operating while compensating tens of thousands of men who say they were sexually abused as children while involved in Scouting. Opponents of the plan argue that the staggering number of claims, when combined with other factors, suggests that the bankruptcy process was manipulated. While the plan was approved, opponents remain concerned that the lack of clarity surrounding the settlement trust's authority could lead to widespread abuse.

The post Judge Upholds Boy Scouts’ $2.4 billion bankruptcy reorganization plan appeared first on Balanced News Summary.



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Judge upholds Boy Scouts’ $2.4 billion bankruptcy reorganization plan

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