Roman Catholic Archdiocese of Portland Bankruptcy
On behalf of the Claimants’ Committee, Al Kennedy led a team of Tonkon Torp lawyers in the first-ever bankruptcy filing by a Catholic Archdiocese. Our legal team successfully navigated numerous issues of first impression arising from the intersection of real estate, corporate, constitutional, bankruptcy, charitable trust, and religious institutions law. All claimants were paid in full with interest. The Catholic Archdiocese of Portland formally emerged from bankruptcy with a $75 million settlement plan after two-and-a-half years of court wrangling over how to pay victims of alleged sex abuse by priests.