$120 Million Settlement in Church Abuse Lawsuit
Covington, Kentucky -
The Roman Catholic Diocese of Covington agreed Friday to set up a $120 million fund to compensate victims of child-molesting priests and other employees.
It would be the nation's biggest settlement in the scandal that has staggered the church. The settlement in the class-action case is subject to court approval. The lawsuit - brought on behalf of more than 100 alleged victims - accuses the diocese of a 50-year cover-up of sexual abuse by priests and other workers.
In a statement, the diocese and plaintiffs' attorneys said that $40 million of the settlement fund would come from a combination of church real estate and investments and $80 million would come from insurance.
Victims will be grouped into four categories based on the severity of abuse, and compensation will range from $5,000 to $450,000, before court-ordered attorney fees are deducted. "The additional anxiety and stress that would have occurred to the victims had there been a trial has been eliminated," said Stan Chesley, the plaintiffs' chief attorney
Read the article at WKYT 27 NEWSFIRST Dated June 03, 2005
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The Roman Catholic Diocese of Covington agreed Friday to set up a $120 million fund to compensate victims of child-molesting priests and other employees.
It would be the nation's biggest settlement in the scandal that has staggered the church. The settlement in the class-action case is subject to court approval. The lawsuit - brought on behalf of more than 100 alleged victims - accuses the diocese of a 50-year cover-up of sexual abuse by priests and other workers.
In a statement, the diocese and plaintiffs' attorneys said that $40 million of the settlement fund would come from a combination of church real estate and investments and $80 million would come from insurance.
Victims will be grouped into four categories based on the severity of abuse, and compensation will range from $5,000 to $450,000, before court-ordered attorney fees are deducted. "The additional anxiety and stress that would have occurred to the victims had there been a trial has been eliminated," said Stan Chesley, the plaintiffs' chief attorney
Read the article at WKYT 27 NEWSFIRST Dated June 03, 2005
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