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Judge Oks $12m Settlement In Pension Case : St. Joseph’s Insolvent Fund Would Get Payment To Prop It Up

Jun 08, 2019 - Providence Journal
Bankruptcy

PROVIDENCE \x97 A federal judge this week granted preliminary approval to a $12-million settlement for the troubled St. Joseph’s and Our Lady of Fatima Hospital pension plan and its 2,700 beneficiaries.

U.S. District Court Chief Judge William E. Smith on Thursday approved a settlement with three of the defendants in the case.

The settlement involves three entities that used to own Fatima Hospital, Roger Williams Medical Center and the now-closed St. Joseph’s. They are CharterCare...