Diocese of Wilmington to file for bankruptcy in 2009.
After hard-hitting court decisions forced church records open, the church was found responsible for priests sexually abusing children, and brought on settlement talks. "The pot ended up at $110 million," to pay "154 survivors," the claimants' lead lawyer, Thomas Neuberger, told me.
The diocese paid $77 million of that. Orders of teaching priests and brothers (such as the Oblates who taught Neuberger at Salesianum School in Delaware) paid the rest. Neuberger and other lawyers kept one-third, he said.
Where did the church get the money?
About $54 million came from the Catholic Foundation of the Diocese of Wilmington, a charity started by the late John J. Raskob, financial brain of the DuPont Co. and General Motors.
The rest was paid from diocese assets, such as cash reserves, money held for parishes, and the church retirees' underfunded, uninsured pensions.
PhillyDeals: How Wilmington Diocese paid for the abuse claims - Philly.com
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