A federal bankruptcy judge has approved a Chapter 11 plan for the Roman Catholic Diocese of Rockville Centre, New York that includes a $320 million fund to compensate victims of clergy sexual abuse and settles insurance issues.
Judge Martin Glenn of the U.S. Bankruptcy Court of Southern New York approved the plan unveiled in September under which the diocese, parishes and other related entities will contribute a total of $234.8 million. Insurance companies will contribute $85.5 million.
The total proposed settlement was reached after court-ordered mediation during which the insurance settlement was a major issue.