By Maria Chutchian(Reuters) -The Boy Scouts of America fell short of winning the support it sought from sex-abuse victims for a nearly $2.7 billion settlement that could bring the organization out of bankruptcy, according to court papers. The proposed settlement of more than 82,000 claims of childhood sexual abuse earned the support of just over 73% of those who cast votes, below the 75% the Boy Scouts sought. "We are encouraged by these preliminary results," the Boy Scouts said. The Boy Scouts https://www.reuters.com/legal/transactional/boy-scouts-bankruptcy-judge-rule-850-million-sex-abuse-deal-2021-08-19 has apologized and says the organization is committed to fulfilling their "social and moral responsibility to equitably compensate survivors." As negotiations over a deal have dragged on, the Boy Scouts' lawyers had warned it would have to begin selling off assets, which would otherwise be used to compensate abuse claimants, to pay legal fees.

Source: Wall Street Journal January 05, 2022 10:01 UTC