Boy Scouts Offer Sex-Abuse Settlement, Aiming for End to Bankruptcy
Provided by Dow Jones By Peg Brickley and The Boy Scouts of America are offering cash, artwork and other assets to sex-abuse victims under a bankruptcy plan filed Monday, an opening gambit by the youth group to move past the failures to protect children that have threatened its standing in American society. Sexual abuse by Boy Scout volunteers has put the organization's survival at risk unless it can build support for its chapter 11 exit proposal, which offers recompense to abuse victims for the damage done to them as children. The Boy Scouts have apologized and...
Source: morningstar.com