A federal court in Mississippi on Feb. 2 dismissed a 10-year-old lawsuit accusing the Vatican of complicity in a scheme to bilk insurance companies for more than $200 million. The state insurance commissioners of Mississippi, Tennessee, Missouri, Oklahoma and Arkansas had filed the lawsuit in 2002, charging the Vatican and Msgr. Emilio Colagiovanni of racketeering and fraud. The commissioners claimed that Monsignor Colagiovanni and the Holy See had aided financier Martin Frankel in purchasing small, ailing insurance companies, whose assets he then siphoned off, leaving them unable to pay claims. Jeffrey S. Lena, an attorney for the Holy See, said the dismissal “was not the result of any settlement agreement” and that the insurance commissioners had requested the court’s action “of their own accord.”
Vatican Suit Dropped
Show Comments (
)
Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.
The latest from america
A Reflection for Thursday of the Fifth Week of Lent, by Ashley McKinless
A Homily for the Fifth Sunday of Lent, Father Terrance Klein
During his long and fruitful pontificate, St. John Paul II embraced the entire world, which stands yet again in need of his blessing, Cardinal Pietro Parolin said.
Father Marko Rupnik, a well-known priest and artist, has been accused of sexually, spiritually and psychologically abusing more than 20 women.