Victims Committee Seeks $20M More In Portland Arch.

Law360, New York (February 14, 2006, 12:00 AM EST) -- The bankrupt Archdiocese of Portland in Oregon is objecting to a claimants committee’s alternative plan of reorganization, which would add another $20 million to the church’s trust fund for settling sex abuse cases.

The tort claimants committee, which represents alleged victims of clergy sexual abuse, submitted its proposed plan to the U.S. Bankruptcy Court in Portland, claiming the archdiocese’s previous offer of $42 million was not sufficient.

The committee’s court document said $66 million would settle all sexual abuse claims without requiring the archdiocese to sell...
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.