The Diocese of Camden’s court-approved bankruptcy plan, establishing an $87.5 million trust for child sex abuse survivors, should be put on hold pending upcoming decisions by the US Supreme Court, a group of insurers said.
Insurance companies that oppose the New Jersey Catholic diocese’s bankruptcy settlement with abuse claimants filed court papers Wednesday seeking an emergency order to prevent the deal from going into effect. The plan approved by the US Bankruptcy Court for the District of New Jersey on March 14 could be made invalid when the Supreme Court rules on notable bankruptcy law questions regarding insurer rights and ...