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18
Feb
2020
Boy Scouts of America files for bankruptcy. Hundreds of sexual abuse lawsuits are now on hold

(CNN)The Boy Scouts of America has filed for bankruptcy, according to a court document filed in Delaware bankruptcy court early Tuesday.The youth organization, which celebrated its 110th anniversary February 8, listed liabilities of between $100 million and $500 million and estimated assets of $1 billion to $10 billion.The bankruptcy filing comes at a time when the organization faces hundreds of sexual abuse lawsuits, thousands of alleged abuse victims and dwindling membership numbers. As a result of the filing, all civil litigation against the organization is suspended. https://www.cnn.com/2020/02/18/us/boy-scouts-bankruptcy/index.html?utm_source=CNN+Five+Things&utm_campaign=65ecdaadac-EMAIL_CAMPAIGN_2020_02_18_03_53&utm_medium=email&utm_term=0_6da287d761-65ecdaadac-84499197