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(COMTEX) B: Ky. Diocese to Pay $120M in Sex Abuse Case ( AP Online )

COVINGTON, Ky., Jun 03, 2005 (AP Online via COMTEX) -- The Roman Catholic
Diocese of Covington agreed Friday to set up a $120 million fund to compensate
victims of child-molesting priests and other church employees.

The settlement in the class-action case is subject to court approval.

The lawsuit alleges a 50-year cover-up of sexual abuse by diocese priests and
other workers. It was granted class-action status in 2003.

In a statement, the diocese and plaintiffs' attorneys said that $40 million of
the settlement fund would come from a combination of church real estate and
investments and $80 million would come from insurance.

Copyright 2005 Associated Press, All rights reserved

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