NJ Diocese Ordered to Strengthen Ch. 11 Regime Disclosures

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By Jeannie O’Sullivan (February 28, 2022, 6:09 PM EST) – A Catholic diocese in New Jersey forced into Chapter 11 by a barrage of clergy sex abuse lawsuits will have to tell plaintiffs what will happen if he doesn’t. won’t get court approval of a proposed $30 million insurance settlement that will fund one-third of their compensation, a bankruptcy judge has ruled.

In an oral ruling listing changes the Diocese of Camden must make to its Chapter 11 plan disclosure statement, U.S. Bankruptcy Judge Jerrold N. Poslusny Jr. on Friday sided with the plaintiffs’ committee argument that which the diocese had not specified how a rejection of the insurance settlement would impact its…

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