Boy Scouts Reach $850 Million Settlement With Abuse Victims (1)

The Boy Scouts of America reached a settlement with a major group of sex-abuse survivors, a defining moment in the organization’s bankruptcy case.

The Boy Scouts have offered $850 million in cash and other assets to 60,000 abuse victims, including $59 million worth of art, according to court documents. The money will be paid to a trust set up to compensate victims.

The settlement leaves open the possibility that victims will fight for more from the Boy Scouts’ insurance companies, including Hartford Accident and Indemnity Company. Under the deal victim representatives have the option to oppose any reorganization plan ...