Exact(7)
Dioceses have only a handful of options for paying settlements.
The Bloomberg administration has dealt with many of the discrimination claims by paying settlements, rather than allowing cases to go to trial.
In addition, an increasing number of insurers have balked at paying settlements for "intentional acts" of sexual abuse by priests, leaving the dioceses with sole responsibility for paying.
But the revelations of phone hacking in Britain have pulled James Murdoch in deeper by the day, with questions swirling in Parliament and the British press over his role in paying settlements to victims of the hacking.
Its banks are cutting credit; its insurers are balking at paying settlements.One charm of bankruptcy is that it would put litigation on hold.
Currently, many big companies continue doing business with the government after paying settlements because there is no viable replacement for their products.
Similar(51)
Instead, the companies paid settlements to the government totaling $311 million.
In each case, defendants have paid settlements before trial.
And the real wage has been slashed in the last few years as pay settlements have lagged behind price rises.
Many, like the Diocese of Springfield, Mass., have investigated allegations against such priests and helped pay settlements.
Workers' pay settlements are running at 3-4%.The bosses' figures refer mainly to financial years ending last December or March.
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