A $850 million settlement agreement between the Boy Scouts of the United States and tens of thousands of former Boy Scouts was finalized on Thursday. However, additional legal actions may result in billions of dollars in payments.
“I am very pleased that the BSA and their local councils have stepped up to be the first to compensate survivors,” Ken Rothweiler, a lawyer representing more than 16,000 people involved in Thursday’s mass settlement, said in a statement Means in. National Broadcasting Corporation news.
“We will now negotiate with insurance companies, sponsorship and leasing organizations with billions of dollars in legal risks, a large part of which is necessary to fairly compensate survivors,” Rothweiler added.
This is a developing story and will be updated as more information becomes available.