CORNER BROOK, NL, Jan. 10 /CNW/ - The Roman Catholic Episcopal
Corporation (RCEC) of St. George's continues to be in full compliance with the
terms of the court-approved proposal to compensate victims of sexual abuse.
The proposal, the terms of which were negotiated with the full and willing
participation of legal counsel for the victims, was accepted by the victims
and approved by the Supreme Court of Newfoundland & Labrador in July 2005.
Since that time the Corporation's representatives have engaged in full
disclosure in their meetings with the Trustee Advisory Committee, established
as a requirement under the court-approved proposal. At its most recent meeting
held yesterday, January 9, Mr. Greg Stack, counsel for 36 of the 40 victims,
was present as a member of the committee.
Under the terms of the proposal the Corporation was to liquidate all of
the Corporation's assets for the benefit of the victims in a fully transparent
process. The Corporation has thus far been successful in its compensation
strategy; $7.8 million of the $14 million settlement has been paid to the
victims to date.
The $7.8 million was raised through donations and loans from across
Canada to purchase the churches, halls and residences of the Corporation at
their fair market value, ensuring that the victims received the highest
possible value for these transactions. The Corporation is diligently working
in good faith to honour the terms of the compensation proposal. It is
currently pursuing complex legal action against its various insurers, seeking
damages of approximately $15 Million.
The victims' counsels have been aware that the timing of receipt of any
insurance proceeds is uncertain due to the complexity of the litigation. The
court considered this uncertainty and built in flexibility for the Trustee
Advisory Committee to approve extensions of time for the Corporation to make
its payment instalments to the victims. Requests for extensions were submitted
to and approved by the Trustee Advisory Committee. (Because this case with the
insurers is before the courts, the Corporation will make no further public
NOTE: Bishop Douglas Crosby is currently out of the country and will not
be available for interviews until his return January 21, 2008.
For further information:
For further information: Margaret McLaughlin, (519) 439-0646,