In a move that further enhances the chances a $14 million settlement secured by the Archdiocese of St. Paul and Minneapolis with Catholic Mutual Insurance will become available to victims, U.S. Bankruptcy Court Judge Robert Kressel approved a future claim representative in the archdiocese’s ongoing Chapter 11 Reorganization case at a Feb. 9 hearing.
The Catholic Mutual settlement is part of an estimated $155 million settlement fund put together by the archdiocese.
Catholic Mutual was granted the motion to have retired Judge Michael Hogan from Oregon be responsible for representing people entitled to bring claims, after Reorganization, against the archdiocese for alleged abuse occurring before confirmation of a plan of Reorganization. There was no opposition to the motion.
The estimated $155 million settlement fund will become available to victims only if the archdiocese’s proposed plan of Reorganization is accepted by sexual abuse claimants or confirmed by the court.
- At bankruptcy’s two-year mark, creditors will soon vote on a plan
- Archdiocese compliant with settlement, pledges ongoing collaboration
- Archbishop Hebda: Continue to trust God as bankruptcy resolution comes into sight
Category: Local News