Dead right

The sidebar to Brian T. Olszewski's report of the Archdiocese of Milwaukee's mediated bankruptcy settlement in the Milwaukee Catholic Herald includes this in the sources of the money.
"$3 million - amount Cemetery Trust will lend to archdiocese for settlement

"$8 million - amount from Cemetery Trust to settle pending litigation

"$5 million - amount from Cemetery Trust for past cemetery care expenses not previously reimbursed by the Trust"

This compares to payment of only $2 million from the trust, in the form of a loan, in the reorganization plan our Archdiocese filed in February 2014.

A few months back when I posted on the Cemetery Trust's loss on appeal to the Seventh Circuit, I concluded,

"The net effect may be that the plan of reorganization will be revised so that the Cemetery Trust loans more money to our Archdiocese to finance a larger payment to abuse claimants."
Not exactly calling my shot, but I'll take it.

No comments:

Post a Comment

Please contact matt@badgercatholic.com if you have issues commenting.

Marquette University endorses, buses in students for Communist Angela Davis talk

I also asked @MarquetteU spox to point to a conservative activist that the campus had sponsored (not student orgs) no response yet — Et...