Diocese's Ch. 11 Plan Needs More Pension Info: Judge

Law360, Wilmington (May 16, 2011, 5:03 PM EDT) -- A Delaware bankruptcy judge on Monday ordered the Catholic Diocese of Wilmington Inc. to disclose more information on its Chapter 11 plan, including an amendment that said certain priests who had admitted to sexual abuse would still receive their pensions under the plan.

The Diocese of Wilmington was forced into bankruptcy in 2009 by a wave of litigation stemming from allegations of sex abuse in the church, and cleared a path out of Chapter 11 in February when it reached a $77.4 million settlement with 146...
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.