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67°
Monday, nov 4
Tag:
Bankruptcy Settlement
News
NJ Catholic Diocese Agrees To Pay Record $87.5M Cash Settlement To 300 Child Sex Abuse Victims
The Catholic Diocese of Camden has agreed to pay an unprecedented $87.5 million -- in cash – to 300 survivors of child sex abuse. The average payment to each of the survivors comes to roughly $290,000, plus whatever is later obtained from the southern New Jersey's diocese’s insurance companies, under the proposed bankruptcy settlement. That’s a sharp difference from a proposed settlement by the Boy Scouts of America, whose claimants stand to receive an average of about $31,000. “I want to express my sincere apology to all those who have been affected by sexual abuse in our diocese,” Bish…