US Judge Signs Off on $850 Million Boy Scouts Sex Abuse Settlement

The judge overseeing the Boy Scouts of America bankruptcy on Thursday approved the youth organization’s request to sign off on an $850 million settlement to resolve tens of thousands of sex abuse claims.

The ruling by U.S. Bankruptcy Judge Laurie Selber Silverstein of Delaware will enable the Boy Scouts to move ahead with a proposed reorganization plan that would allow the group to exit bankruptcy by the end of the year. "I find that debtors have met the relevant standard," she said in a court hearing. The organization must still obtain approval from creditors to move ahead with the deal in a formal plan to exit bankruptcy.