June 28, 2019 / 12:29 AM / 19 days ago

Minnesota diocese settles abuse claims for $34 mln to exit bankruptcy

Minnesota’s Roman Catholic Diocese of New Ulm has reached a $34 million settlement over claims of sexual abuse by its clergy that pushed it to seek Chapter 11 bankruptcy, paving the way for its financial reorganization.

The diocese in a statement on Wednesday said it will cover settlement payments with cash, contributions from its parishes and insurance payouts. Settlement payments will be administered through a trust to be established for the 93 individuals who had alleged abuse.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2JfoG43

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