The Archdiocese of New Orleans struck a deal to pay $179.2 million to settle sex abuse claims after it emerges from bankruptcy.
The proposed settlement between the New Orleans archdiocese, its parishes, and some insurers comes five years after the Louisiana Catholic group first sought Chapter 11 protection, according to a release Wednesday from the committee representing the abuse claimants.
The archdiocese faces about 600 claims of child sexual abuse by clergy members.
The settlement, which is subject to approval by a bankruptcy court, would set up a trust funded with $179.2 million in cash, the committee said. The archdiocese ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.