The Roman Catholic Bishop of Oakland filed for bankruptcy protection in the face of 330 child sex abuse claims going back decades, church officials announced.
The diocese filed for Chapter 11 bankruptcy in order to stave off individual lawsuits and consolidate the claims in a court-supervised process that will ultimately lead to settlements.
"After careful consideration of the various alternatives for providing just compensation to innocent people who were harmed, we believe this process is the best way to ensure a fair and equitable outcome for survivors," said Bishop Michael Barber. "It will also allow RCBO to stabilize its finances and continue the sacred mission entrusted to us by Christ and the Church," Barber said."Given our current financial resources, RCBO could not shoulder the burden of litigating 330 cases filed under the recent California Assembly Bill 218."
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