Mount Cashel money and B.C. schools. (News in Brief).St. John's, Nfid -- Two news items recently threw light on Canada's failure to settle abuse payments. In St. John's it was revealed that the money raised since 1996 in Ontario and Newfoundland from the sale of property of the Christian Brothers Christian Brothers: see John Baptist de la Salle, Saint. , has been used by the liquidators, Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing Inc., to pay their legal bills. Of an estimated $7 million, not a penny has gone to the victims in Newfoundland. The victims had been awarded $67 million in damages. Part of the $7 million has gone into the legal battle to wrest wrest tr.v. wrest·ed, wrest·ing, wrests 1. To obtain by or as if by pulling with violent twisting movements: wrested the book out of his hands; wrested the islands from the settlers. away two well-known B.C. Catholic schools, Vancouver College and St. Thomas More College St. Thomas More College (STM), named for St. Thomas More, is the only federated college at the University of Saskatchewan. The college was established by the Basilian Fathers in 1936, on the invitation of the president of the University of Saskatchewan to the Catholic bishop of Saskatoon. in suburban Burnaby, on the claim that they were "property" of the Christian Brothers in Canada. Parents and lawyers for the two schools have argued that the schools were held "in trust" for the Vancouver Catholic community, and were not the private assets of the Brothers. After years of legal battles and the final ruling of the courts that the Vancouver schools should be sold, an out-of-court settlement An agreement reached between the parties in a pending lawsuit that resolves the dispute to their mutual satisfaction and occurs without judicial intervention, supervision, or approval. was reached on July 25, whereby the Vancouver Catholic community will pay $19 million to the liquidators and, in return, will keep the two high schools. As for the victims, they still may get little, if any, of this sum. The Newfoundland government demands that it be repaid first for the $11 million it has paid to 42 of the victims. |
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