May 03, 2022
Purdue Pharma LP told the Second Circuit that decades of precedent justify opioid liability releases given to the Sackler family under its Chapter 11 plan, tennis legend Boris Becker is headed to jail across the pond for hiding assets in bankruptcy, and asbestos claims drove a Hess Corp. subsidiary into bankruptcy in Texas. This is the week in bankruptcy.
April 27, 2022
A New Jersey bankruptcy judge said Wednesday he would delay the confirmation of a Roman Catholic diocese's Chapter 11 plan at the behest of insurers blindsided by the debtor's abandonment of a deal that would have capped their payouts for clergy sex abuse survivors at $30 million.
April 19, 2022
A bankrupt Roman Catholic diocese in New Jersey has agreed to pay $87.5 million to more than 300 survivors of sexual abuse at the hands of clergy, according to an announcement Tuesday.
April 07, 2022
A New Jersey bankruptcy judge ruled Thursday that the names of clergymen accused of sexual abuse can appear on the public Chapter 11 docket of a Roman Catholic diocese forced into insolvency by a barrage of clergy abuse lawsuits, saying only the names of the survivors are private.
April 07, 2022
A bankrupt New Jersey Catholic diocese and its insurers battled with clergy sex abuse claimants over a pending $30 million insurance settlement that will fund a third of the claimants' compensation, with each side attempting to whittle down their adversaries' planned evidence.
April 06, 2022
A New Jersey Catholic diocese urged a bankruptcy judge Wednesday to shield the names of clergy members and diocese personnel accused of sexually abusing children, arguing that the information should be kept confidential since the claims haven't been adjudicated.
March 16, 2022
A New Jersey bankruptcy judge has received calls to reject a proposed deal between a New Jersey Roman Catholic diocese and its insurers, with the U.S. Trustee's Office saying it should be folded into the Chapter 11 plan and claimants decrying the third-party releases.
March 15, 2022
Insurers for a bankrupt New Jersey Catholic diocese are demanding additional information about attorneys claiming to represent clergy sexual abuse victims, saying they have failed to disclose essential information, such as their retention agreements.
March 09, 2022
A New Jersey Catholic diocese forced into Chapter 11 by a barrage of clergy sex abuse lawsuits can depose survivors in order to evaluate the validity their claims but can't question their attorneys, a bankruptcy judge ruled Wednesday.
March 03, 2022
A committee representing sexual abuse claimants in the Catholic Diocese of Camden, New Jersey's Chapter 11 case told a bankruptcy court Thursday that insurers have been stonewalling its requests for information and refusing to respond to discovery requests.