SCOTUS Leaves Multibillion-Dollar Boy Scouts Bankruptcy Settlement In Place

Advertisement Proponents argue that without safeguards for third party entities, significant bankruptcy agreements, such as those involving Purdue and the Boy Scouts, would not be implemented

Proponents argue that without safeguards for third-party entities, significant bankruptcy agreements, such as those involving Purdue and the Boy Scouts, would not be implemented.

The Boy Scouts of America declared bankruptcy in 2020 following expenditures exceeding $150 million to resolve numerous abuse lawsuits from 2017 to 2019, as per court documents.

In 2022, a federal bankruptcy court in Delaware sanctioned the reorganization plan, facilitating the Boy Scouts of America’s resurgence and establishing a fund to compensate victims.