Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the health-check domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /nas/content/live/brownpelican/wp-includes/functions.php on line 6121
Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the mfn-opts domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /nas/content/live/brownpelican/wp-includes/functions.php on line 6121 WATCH: New Orleans’ Archdiocese Yearslong Bankruptcy Officially Ends, by Aubry Killion – Brown Pelican Society of Lousiana
The Archdiocese of New Orleans’ yearslong bankruptcy has officially ended.
Judge Meredith Grabill heard from church leaders, sex abuse survivors, and insurance companies over the course of two weeks and formally approved the $230 million settlement on Monday.
Last week testimony wrapped up with Grabill taking the weekend to come to her final decision on the settlement.
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.
Payouts will be specific to sex abuse claims and based on a point system.
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