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Boy Scouts to Give Insurers More Time to Review Victim Settlement

July 7, 2021, 10:13 PM

The Boy Scouts of America must give its insurers and other interested parties more time to vet the organization’s $850 million settlement with sexual abuse victims, a ruling that likely delays the end of its bankruptcy proceedings.

The Boy Scouts’ timeline to solicit and confirm a Chapter 11 reorganization plan must be pushed back to allow for depositions and comprehensive briefing on the nonprofit’s watershed deal filed last week, Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for the District of Delaware said at a virtual hearing Wednesday.

The settlement would resolve roughly 84,000 abuse claims. Insurance companies that ...

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