The Boy Scouts of America received court approval to enter into an $850 million settlement addressing more than 80,000 child sexual abuse claims, a key step in the organization’s efforts to emerge from bankruptcy free from the threat of mass tort litigation.
The nonprofit’s choice to settle with lawyers representing abuse survivors is an exercise of reasonable business judgment, Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for the District of Delaware said during a virtual hearing Thursday.
“I conclude the debtors were sufficiently informed to make this decision,” she said.
Silverstein issued her ruling after a contentious three-day ...
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