Boy Scouts Beats Appeal of Bankruptcy Settlement Plan (1)

The Boy Scouts of America defeated an appeal of its bankruptcy reorganization plan that will pay $2.46 billion to thousands of child sexual abuse victims through a settlement trust.

A Delaware federal judge on Tuesday issued a 150-page opinion affirming a bankruptcy court’s approval of the Boy Scouts’ Chapter 11 plan, which will establish the largest sex abuse settlement in US history. The judge rejected arguments from several insurance companies, as well as two individual groups of abuse survivors, that have opposed features of the deal. The settlement was supported by a large majority of the roughly 82,000 abuse claimants ...