After nearly four years in bankruptcy, the Roman Catholic Archdiocese of St. Paul and Minneapolis won final court approval of a chapter 11 plan that includes a $210 million settlement with hundreds of sexual-abuse victims, WSJ Pro Bankruptcy reported. During a hearing in Minneapolis, Judge Robert Kressel said he would sign off on the bankruptcy-exit plan, which was widely supported by victims who say they were sexually abused by the archdiocese’s clergy, often decades ago. The bankruptcy was initially marked by years of impasse and hard-fought legal battles but ended in a broad settlement between victims and the archdiocese. The settlement includes the archdiocese, about 450 abuse victims, roughly 180 parishes and 25 insurance carriers.
