The filing, known as a restructuring support agreement, includes the BSA, abuse victims, local Boy Scouts councils and lawyers appointed to represent victims who might file future claims. “After months of intensive negotiations, the debtors have reached resolution with every single official and major creditor constituency,” BSA attorneys wrote. Thursday’s agreement signals the BSA’s acknowledgment that disagreements remain between attorneys representing abuse victims and those representing the BSA’s insurers. The Hartford settlement was roundly criticized by attorneys for abuse victims, who estimate the insurer’s liability exposure at several billion dollars. The Boy Scouts have said that between $2.4 billion and $7.1 billion, including insurance rights, might be available for abuse victims.

Source: Ethiopian News July 03, 2021 07:41 UTC