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Diocese Discloses Retainer Fees for Firms Associated Press, carried in WJZ November 9, 2009 http://wjz.com/wireapnewsmd/Diocese.discloses.arrangement.2.1301901.html DOVER, Del. (AP) — Four professional firms helping the Catholic Diocese of Wilmington in its Chapter 11 bankruptcy case have been retained at an initial cost of almost $800,000. Court documents filed Monday indicate that more than half of that amount is for the diocese's Wilmington law firm, Young Conaway Stargatt and Taylor. The diocese also agreed to a $200,000 retainer for the Florida firm acting as its financial adviser, and a $110,000 retainer for a California-based crisis communications firm that also represented the Archdiocese of Los Angeles during the priest sex abuse scandal. The Wilmington diocese filed for Chapter 11 bankruptcy protection last month after the breakdown of settlement negotiations with about a dozen alleged victims of priest sex abuse. |
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