Bankruptcy Legal Bill is $18 M
Posted Aug 21, 2007 4:33 PM CST
By Martha Neil
Lawyers who represented the Catholic Archdiocese of Portland, Ore., and its creditors in bankruptcy proceedings triggered in 2004 by clergy sex abuse claims have submitted their final bill.
It is a little over $18 million—$18,842,506.13, to be precise, reports the Oregonian. "It's not clear how they figured the 13 cents," the newspaper notes.
With additional legal fees earned on a contingency basis by lawyers who won a $50 million settlement for alleged abuse victims, the total payout to lawyers by the archdiocese in recent years is around $35 million, the Oregonian estimates. An additional $20 million fund was also set up to compensate future victims.
The bankruptcy bill listed $10,854,856.02 in fees and $1,085,589.40 in expenses that the archdiocese was charged by its four law firms. The remainder of the bill is expenses and fees charged by attorneys and experts working for other parties, including a plaintiffs committee.
An archdiocese spokesman declined comment.