Boy Scouts organization files for bankruptcy

The 110-year-old organization said they intend to use the chapter 11 process to create a victims compensation trust in response to hundreds of sexual abuse lawsuits.
0:52 | 02/18/20

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Transcript for Boy Scouts organization files for bankruptcy
Now to that breaking news involving the boy scouts. The 110-year-old organization now filing for bankruptcy as they face hundreds of sex abuse lawsuits. Gio Benitez is here with the details. Good morning, gio. Reporter: Good morning. Yeah, the scouts say they intend to use the process to create a victims compensation trust. Their president saying, quote, the bsa cares deeply about all victims of abuse and sincerely apologizes to anyone who was harmed during their time in scouting. Now they also say scouting programs will continue for their nearly 2.2 million members. This comes after more than a dozen states passed laws making it possible for sex abuse lawsuits to be filed regardless of when the alleged abuse the boy scouts now call their safety measures the strongest and most effective policies found in any youth-serving organization but, guy, what a big headline overnight. Huge. Thank you both.

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