Wednesday, December 12, 2012

$35 million in parish investment funds off the table in sex abuse case

Annysa Johnson reported in the Milwaukee Journal Sentinel,
'Creditors in the Archdiocese of Milwaukee bankruptcy cannot sue to recover more than $35 million in parish investment funds that the archdiocese moved off its books in 2005, a federal judge ruled Monday.'
The creditors' committee is said to be likely to appeal. Creditors include not only persons claiming sexual abuse by clergy but also 'the archdiocese's pension and health care funds'.

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