âStaggeringâ Legal Fees in Boy Scouts Bankruptcy Case
As the Boy Scouts of America goes through a contentious bankruptcy, dozens of lawyers are working on the case. Many are charging more than $1,000 an hour.
The national office for the Boy Scouts of America in Irving, Texas. The hefty legal fees being charged to the Boy Scoutsâ estate, taken off the top of what could be offered to victims of sexual abuse, have become a rising point of contention.Credit.Allison V. Smith for The New York Times
May 11, 2021
One lawyer negotiating a resolution to the multi-billion-dollar bankruptcy filed by the Boy Scouts of America billed $267,435 in a single month. Another charged $1,725 for each hour of work. New lawyers fresh out of law school have been billing at an hourly rate of more than $600.
The Hartford Agrees to Pay $650 Million in Boy Scouts Bankruptcy By Randall Chase | April 19, 2021
DOVER, Del. (AP) Insurance company The Hartford has agreed to pay $650 million into a proposed trust fund for victims of child sexual abuse as part of the Boy Scouts of America bankruptcy case.
In exchange for the payment, the Boy Scouts and its local councils would release The Hartford from any obligation under policies it issued to the BSA and the councils dating back to 1971.
The settlement agreement and release was submitted to the court on Friday by a panel of mediators that is working with the BSA, abuse victims and other parties in the bankruptcy to try to fashion a global resolution of more than 80,000 sexual abuse claims.
The Hartford agrees to pay $650M in Boy Scouts bankruptcy timesunion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesunion.com Daily Mail and Mail on Sunday newspapers.
The Hartford agrees to pay $650M in Boy Scouts bankruptcy
RANDALL CHASE, Associated Press
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DOVER, Del. (AP) Insurance company The Hartford has agreed to pay $650 million into a proposed trust fund for victims of child sexual abuse as part of the Boy Scouts of America bankruptcy case.
In exchange for the payment, the Boy Scouts and its local councils would release The Hartford from any obligation under policies it issued to the BSA and the councils dating back to 1971.
The settlement agreement and release was submitted to the court on Friday by a panel of mediators that is working with the BSA, abuse victims and other parties in the bankruptcy to try to fashion a global resolution of more than 80,000 sexual abuse claims.
The Hartford agrees to pay $650M in Boy Scouts bankruptcy middletownpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from middletownpress.com Daily Mail and Mail on Sunday newspapers.