“As far as I’m concerned, we’re done. We just need to put a ribbon on it,” U.S. Bankruptcy Judge Paul R. Warren said July 29, directly addressing roughly a dozen abuse claimants who had just heard an hour-long discussion of legal issues related to confirmation of the Eighth Amended Joint Plan for Reorganization of the Diocese of Rochester.
The hearing took place six days after the Continental Insurance Company (commonly known as CNA) became the final insurer to settle with the Unsecured Creditors Committee, which represents abuse claimants in the bankruptcy case.
The $120-million settlement with CNA will add to a combined $71.35 million from four diocesan insurers that previously had settled with the committee and $55 million from the diocese, its parishes and other “Participating Parties.” The plan establishes the Rochester Abuse Claim Trust to receive and manage the $246.35 million total, and to disburse funds to survivors according…
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