KENTUCKY
Cincinnati Enquirer
By Jim Hannah
Enquirer staff writer
BURLINGTON – The Covington Diocese announced this afternoon it will pay $120 million to settle the nation’s first class-action lawsuit involving priest sexual abuse.
A settlement fund will be made up of $40 million from investments and real estate. The remaining $80 million will be paid by insurance companies.
No parish property, parish funds or Diocesan Parish Annual Appeal money will be used for the settlement, said diocesan spokesman Tim Fitzgerald.
The diocese has, over the past two years, been settling sexual abuse claims. In addition to today’s settlement, the diocese has paid about $10.5 million to settle 56 sexual-abuse claims in the past 18 months.
The diocese’s share of those earlier settlements was $4 million, while insurance companies picked up the difference.
Posted by kshaw at June 3, 2005 12:56 PM