Bloomberg Law
April 19, 2022, 10:03 PMUpdated: April 19, 2022, 10:49 PM

Bankrupt Camden Diocese Agrees to Pay Abuse Victims $87.5 Million (1)

James Nani
James Nani

The Diocese of Camden in New Jersey will pay about 300 abuse survivors $87.5 million in a settlement reached as part of its Chapter 11 case, the diocese said.

The settlement, which requires bankruptcy court approval, was reached with a committee of abuse survivors, according to Tuesday announcement by the diocese.

The diocese and several other related Catholic entitles would fund the trust over the course of four years, the diocese said. In return, the diocese, 62 parishes and other Catholic entities would received releases from potential liability, the diocese said.

“It is my fervent hope that this settlement will ...