Boy Scouts Objects to Supreme Court Review of Bankruptcy Deal

The Boy Scouts of America opposed a group of abuse claimants’ petition to the US Supreme Court seeking to overturn its reorganization plan, which established a historic $2.4 billion settlement to compensate sex abuse survivors.

Boy Scouts said the petitioners—who represent only 0.09% of all abuse claimants—are seeking to invalidate a central part of the plan, in which it sold insurance rights for $1.65 billion for the benefit of the trust compensating abuse survivors. But the US bankruptcy code blocks such relief because the sale closed years ago and involved good faith purchasers, the organization argued in its Dec. 4 ...