The Catholic Diocese of Camden, New Jersey announced yesterday:
The Diocese ... and the Official Committee of Tort Claimant Creditors ... which represents the interests of approximately 300 survivors of sexual abuse, have reached a settlement which will provide for the establishment of a substantial trust to compensate survivors of sexual abuse within the Diocese. The trust will be funded with $87.5 million from the Diocese and related Catholic entities over a four-year period. The settlement also includes maintaining or enhancing the protocols for the protection of children, which were first implemented by the Diocese in 2002. The settlement remains subject to Bankruptcy Court approval.
AP reports on the settlement.
