Iowa diocese settles clergy abuse claims for $37M
December 4, 2007
[JURIST] The Catholic Diocese of Davenport [diocesan website] has agreed to settle 156 clergy sex abuse claims for $37 million [press release], paving the way for the diocese to emerge from bankruptcy. The Davenport, Iowa diocese filed Chapter 11 bankruptcy [AP report] last year, and a settlement.... [more] 
Yukos legally ceases to exist after Moscow court action
November 22, 2007
[JURIST] The bankruptcy administrator for the embattled Russian oil company Yukos [corporate website; JURIST news archive] announced Thursday that the company no longer legally exists. The Moscow Arbitration Court completed Yukos' liquidation this month and removed it as a legal entity Wednesday..... [more]
San Diego diocese to settle 144 clergy sex abuse claims for $198.1M
September 7, 2007
[JURIST] The Catholic Diocese of San Diego [diocesan website] Friday announced an agreement to pay $198.1 million to settle 144 claims of sexual abuse by its clergy. In February, 42 clergy sex abuse cases were suspended - the night before they were scheduled to begin - after the diocese sought.... [more]
Federal judge overturns bankruptcy court ruling limiting Enron debt claims
August 28, 2007
[JURIST] A Manhattan federal judge Monday overturned a federal bankruptcy court's highly-controversial decision in the Enron [JURIST news archive] case, ruling that holders of claims against a bankrupt company should have their claims extinguished if they purchased them from a seller who used ".... [more]
Federal bankruptcy judge orders San Diego clergy sex abuse trials
August 25, 2007
[JURIST] US Bankruptcy Judge Louise DeCarl Adler ordered 42 clergy sex abuse cases against the Catholic Diocese of San Diego [diocesan website] to go to trial Friday, accepting arguments by plaintiffs lawyers that the move could push pressure on the diocese to settle the claims. The trials were.... [more]
Italy judge indicts Parmalat founder, former executives on fraud charges
July 25, 2007
[JURIST] An Italian judge Wednesday indicted approximately 20 former Parmalat SpA [corporate website; JURIST news archive] executives, including founder Calisto Tanzi [NNDB profile] and former CFO Fausto Tonna [BBC report], for their role in the collapse of the Italian dairy giant. The defendants,.... [more]
New China bankruptcy law takes effect
June 1, 2007
[JURIST] China's new "Enterprise Bankruptcy" law came into effect Friday, officially introducing broad sweeping regulations governing the resolution of outstanding business debts for the first time in China [JURIST news archive], which is gradually amending its laws to address the changing.... [more]
Bankruptcy court orders audit for San Diego diocese
April 12, 2007
[JURIST] A US bankruptcy judge on Wednesday ordered an independent audit of the Roman Catholic Diocese of San Diego [bankruptcy materials], which filed for Chapter 11 protection [JURIST report; diocese Q&A] in light of some some 140 sexual abuse lawsuits currently pending against the diocese. The.... [more]
Supreme Court allows contract to cover attorneys' fees in bankruptcy case
March 20, 2007
[JURIST] The US Supreme Court [official website; JURIST news archive] ruled Tuesday that parties can contractually allocate the burden of attorneys' fees when litigation involves issues of federal bankruptcy law. In Travelers Casualty v. Pacific Gas & Electric Co. [Duke Law case backgrounder;.... [more]
San Diego diocese files for Chapter 11 bankruptcy over clergy abuse lawsuits
February 28, 2007
[JURIST] The Catholic Diocese of San Diego [official website] filed for Chapter 11 bankruptcy [petition, PDF] on Tuesday putting a stop to an upcoming sex abuse trial and becoming the largest US diocese to file for bankruptcy thus far. The diocese had been engaged in settlement talks with.... [more]
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