The Diocese of Rochester

  1. October 15, 2024

    J&J Stays In Texas, True Value Files, Bally Sports Docs OK'd

    The latest bankruptcy case of a Johnson & Johnson talc unit survived a motion to transfer the proceedings to New Jersey, decades-old hardware store chain True Value commenced a Chapter 11 case and the update plan disclosure statement for the parent of Bally Sports regional sports networks were approved by a Texas judge. This is the week in bankruptcy.

  2. October 09, 2024

    NY Diocese's Insurance Deal Wasn't Contract, Judge Says

    A New York bankruptcy judge has dismissed a claim the Roman Catholic Diocese of Rochester broke a contract with Continental Insurance when it backed out of a proposed $63.5 million settlement of sexual abuse claims while he expressed frustration at the pace of the Chapter 11 case.

  3. July 22, 2024

    Giuliani In Limbo, Guo Faces Ch. 11 Trustee Suit

    The court-appointed watchdog for Miles Guo's bankruptcy has unpaused a civil racketeering conspiracy case against the Chinese billionaire after his criminal RICO case resulted in a conviction, ex-New York City mayor Rudy Giuliani's Chapter 11 case has still yet to be dissolved, and a new bankruptcy judge has ascended to the bench in New York.

  4. July 19, 2024

    Judge Dubious Of NY Diocese's Ch. 11 Plan Post-Purdue

    A New York bankruptcy judge said Friday he was skeptical of a creditor noticing procedure meant to head off confirmation issues for the already voted on Chapter 11 plan of the Roman Catholic Diocese of Rochester, New York, noting he thinks affirmative creditor consent to third-party liability releases is needed following the U.S. Supreme Court's landmark Purdue Pharma ruling last month.

  5. April 16, 2024

    Rochester, NY, Diocese's Creditors To Mull Rival Ch. 11 Plans

    A New York bankruptcy judge sent a pair of competing Chapter 11 plans for the Roman Catholic Diocese of Rochester out Tuesday morning for creditor votes, after rejecting previous explanations of the proposals for being unclear about payouts to childhood sexual abuse survivors.

  6. January 30, 2024

    Judge Nixes Cryptic Ch. 11 Disclosures For NY Diocese

    A New York bankruptcy judge shot down proposed disclosure statements in two competing Chapter 11 plans for the Diocese of Rochester on Tuesday, saying that since they were both unclear to him, they would likely be indecipherable for hundreds of sexual abuse survivors who need to vote on the reorganization plans.

  7. July 24, 2023

    Insurer Deal Brings Rochester Diocese Abuse Trust To $126M

    The Roman Catholic Diocese of Rochester and its unsecured creditors have told a New York bankruptcy judge that more than $50 million in deals with a pair of the diocese's insurers has bumped the total sexual abuse claim fund in the diocese's Chapter 11 plan to over $126 million.

  8. November 04, 2022

    Rochester Diocese Strikes $55M Ch. 11 Deal With Claimants

    The Diocese of Rochester filed a proposed settlement in New York federal bankruptcy court supported by sexual abuse claimants that would provide for a $55 million trust funded by the debtor along with the assignment of insurance rights for the benefit of claimants.

  9. July 07, 2022

    Crypto Winter Starts, Mediation Sought For Sex Abuse Claims

    The global collapse of cryptocurrency prices tipped two firms into bankruptcy, a New York youth club is seeking a quick mediation of sex abuse claims, and a pilot strike caused a Scandinavian airline to file for Chapter 11 earlier than expected. This is the week in bankruptcy.

  10. June 29, 2022

    Rochester Diocese $147M Ch. 11 Deal To Be Heard In Jan.

    A $147 million sex abuse claim settlement the bankrupt Roman Catholic Diocese of Rochester reached with its insurers has been set for a discovery timeline, with a settlement hearing scheduled for late January 2023.