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Diocese of Wilmington Loses Fight over Investment Pool Wall Street Journal June 28, 2010 http://online.wsj.com/article/BT-CO-20100628-711616.html A judge Monday cleared the way for victims of alleged sexual abuse by priests to go after a $120 million pooled investment fund operated by the Roman Catholic Diocese of Wilmington, Del. Judge Christopher Sontchi said most of the Catholic schools, parishes and a foundation that entrusted their investments to the embattled diocese can't trace the money they handed over, some $75 million, to the diocese. As a result, almost everything in the Diocese-run pooled investment program could be up for grabs in the bankruptcy case of the Delaware diocese, which was filed as a result of allegations officials looked ... |
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