The three-year bankruptcy case resulted in the largest sexual abuse settlement fund in US history.
The Boy Scouts’ three-year Chapter 11 bankruptcy case resulted in the largest sexual abuse settlement fund in US history and resolves claims by more than 80,000 men who say they were abused as children by troop leaders, according to the organization.
“We have failed you and we are truly, deeply sorry,” Mosby said in an open letter to abuse victims. “Survivors, your bravery has moved us beyond words.” The Boy Scouts settlement was supported by 86% of abuse claimants and the Boy Scouts’ two largest insurers, which funded a large part of the settlement.
Money for the settlement comes from the Boy Scouts, local councils, insurers and organizations that have chartered Scouting units and activities, including churches.
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