Boy Scout Sex Abuse Class Action Sidetracked by Bankruptcy, Pacer Monitor News
Scott Williams answers some questions about the Boy Scouts of America (BSA) bankruptcy in an article published in Pacer Monitor News on March 19, 2020.
Pacer Monitor News reported that BSA declared, in its voluntary chapter 11 petition, $1 billion to $10 billion in estimated assets and up to $1 billion in liabilities. Its proposed bankruptcy plan provides for a trust to assume sole and exclusive responsibility and liability for all abuse claims.
“This should have no impact on individual criminal matters, but a release or waiver, if signed by plaintiffs, will absolve the BSA of any further claims,” explains Williams.
“The advantage of settling in bankruptcy court includes expediting and streamlining the process for making claims and ensuring that all claims are treated fairly. No jury trial means the absence of payment of fees to attorneys, which could take away from the victims’ fund and operating fund.”
Williams also discusses individual lawsuits which could avoid settling in bankruptcy court along with other plaintiffs against BSA, “unless there’s an order by the judge that includes them in the pending bankruptcy litigation,” he said.