Davenport Diocese Brokers $37M Deal Over Sex Abuse

Law360, New York (December 4, 2007, 12:00 AM EST) -- The Roman Catholic Diocese of Davenport, Iowa, has agreed to shell out $37 million to more than 150 victims of sexual abuse by priests in its push to exit bankruptcy protection.

The settlement, reached Nov. 29 after four days of negotiations, addresses the claims of 156 individuals, the diocese said in a statement. A portion of the amount is to be set aside for any additional victims who come forward. The future claims representative, in conjunction with the creditors’ committee, will determine the amount of money...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.