San Diego Diocese Stalls Trial With Bankruptcy Filing

Law360, New York (February 28, 2007, 12:00 AM EST) -- Shunning the pleas of a California judge and lawyers representing sex abuse victims, the Roman Catholic Diocese of San Diego said it would file for Chapter 11 bankruptcy protection by midnight on Tuesday, hours before the first case involving claims of abuse at the hands of priests was set to go to trial.

In a letter posted on the diocese's Web site late Tuesday, Bishop Robert Brom said the diocese had decided to file a Chapter 11 reorganization petition following two days of unsuccessful settlement negotiations...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.