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In exchange for the payment, the Boy Scouts and its local councils would release The Hartford from any obligation under policies it issued to the BSA and the councils dating back to More info settlement agreement and release was submitted to the court on Friday by a panel of mediators that is working with the BSA, abuse victims and other parties in the bankruptcy to try to fashion a global resolution of more than global century insurance, sexual abuse claims.
We are committed to continuing our mediation efforts with all parties and look forward to sharing additional updates as these discussions progress.
Even without the possible reduction in The Hartford's payment, attorneys representing abuse victims in the bankruptcy were appalled by the settlement. Their real liability is in the billions of dollars," said Paul Mones, who represents hundreds of abuse victims, including members of the official tort claimants committee that is charged with acting as a fiduciary for abuse victims in the bankruptcy.
The actual number is likely significantly higher, given that many victims did not include the dates they were abused on their claim forms, he noted. The agreement with The Hartford was announced after the Boy Scouts filed a revised reorganization plan earlier this week after gaining little support global century insurance a previous proposal.
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In return, the BSA, its local councils and hundreds of sponsoring organizations such as centuryy and civic groups would be released from further liability. Any insurance companies that agree to pay specific settlement amounts into the trust also would be shielded from further liability.
Should abuse victims not approve the new plan, the BSA — which says it needs to exit bankruptcy by late summer — would turn to global century insurance alternative BSA-only plan. Under that plan, the settlement trust would be funded only by the BSA, and only for claims made against the national organization, not local councils.
The councils and local sponsoring organizations such as churches and civic groups would make no contribution to the settlement trust and would have no protection from liability for abuse claims.
The Boy Scouts of America, based in Irving, Texas, sought bankruptcy protection in February in an effort to halt hundreds of lawsuits and create a compensation fund for men who were molested as youngsters decades ago by scoutmasters or other leaders. Attorneys for abuse victims have said from the start global century insurance they would go after properties and assets owned by local councils to contribute to a settlement fund.]
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