Boy Scouts' $2.4 billion bankruptcy reorganization plan upheld by judge

FILE-Sign with logo for Boy Scouts of America in the Silicon Valley, Foster City, California, April 11, 2020. (Photo by Smith Collection/Gado/Getty Images) DOVER, Del. - A federal district court judge has upheld the approval of a $2.4 billion bankruptcy reorganization plan aimed at resolving tens of thousands of child sexual abuse claims against the Boy Scouts of America.The ruling docketed Tuesday rejects arguments by non-settling insurance companies and attorneys representing dissenting abuse survivors that the reorganization plan was not proposed in good faith and improperly strips the insurers and survivors of their rights.RELATED: Boy Scouts to sell off camps amid strain from sexual abuse suitsThe ruling follows a September decision in which U.S.

Bankruptcy Judge Laurie Selber Silverstein approved the plan. The plan would allow the Irving, Texas-based Boy Scouts of America to continue operating while compensating tens of thousands of men who say they were sexually abused as children while involved in Scouting.More than 80,000 men have filed claims saying they were abused as children by troop leaders around the country.

Plan opponents say the staggering number of claims, when combined with other factors, suggests that the bankruptcy process was manipulated.While affirming Silverstein’s description of the proceedings as "an extraordinary case by any measure," U.S.

District Court Judge Richard Andrews found no fault with her ruling.RELATED: Trial set to consider approval of Boy Scouts bankruptcy plan"Appellants argue on many fronts that the plan did not meet the requirements for confirmation, and I have carefully considered each of these arguments," Andrews wrote.