The Archdiocese of New Orleans’ yearslong bankruptcy trial will not end in a decision Thursday, according to the judge presiding over the case.
Judge Meredith Grabill heard from church leaders, sex abuse survivors, and insurance companies over the course of two weeks.
On Wednesday, testimony wrapped up with Grabill stating she needed more time to make a decision on the settlement of $230 million for sex abuse survivors.
The final approval could come as early as Monday.
Attorneys for the Archdiocese said money for survivors will be ready before Dec. 31.
Nearly 150 parishes and charities will contribute approximately $65 million to the settlement fund for clergy sex abuse survivors.
The diocese will also pay about $28 million with an interest rate of a little more than 4% over 12 years to bondholders, as well as pay a portion of additional fees.
Survivors could receive payments by next year.
Payouts…
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