The Boy Scouts of America’s $2.46 billion sex abuse settlement is on its way to becoming insolvent, a group of roughly 1,000 former scouts said in support of a Supreme Court appeal challenging the organization’s bankruptcy plan.
Contrary to what Boy Scouts argued years ago in favor of the landmark Chapter 11 plan, the settlement isn’t going to fairly compensate the tens of thousands of individuals who were sexually abused in their youth by scoutmasters and volunteers, the group said in a filing with the US Supreme Court—a sign of growing dissatisfaction with the plan.
A trust set up to ...