Boy Scouts to sell Norman Rockwell paintings to pay sex-abuse claims [CBS News]
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Source: CBS News
The Boy Scouts of America said it would sell its collection ofNorman Rockwell paintingsthousands of sexual abuse claimsbankruptcy reorganizationThe plan was filed Monday in Delaware bankruptcy court, even though the BSA remains in intense negotiations with insurers who face substantial exposure for sexual abuse claims, and with the official committee representing abuse victims.In this July 22, 2013, file photo, a youth looks over the Rockwell exhibition in Salt Lake City.Rick Bowmer / APThe plan calls for a $300 million contribution from the Boy Scouts' 250-odd local councils into a trust for abuse victims, although the form and timing of those contributions remain up in the air. The Boy Scouts also say any unrestricted cash above the $75 million the organization claims it will need for operations when it emerges from bankruptcy will go into the trust fund. The BSA also has agreed to contribute its collection of Norman Rockwell paintings to the fund, and to sell a warehouse facility i
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