The Daily Docket: Seattle Archdiocese Settles Abuse Suits

Thirty men who were sexually abused decades ago as children at two Catholic schools in the Seattle area will split about $12.1 million from the Archdiocese of Seattle, which owned the schools. Read the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

Puerto Rico’s governor proposed a law that would let some public entities restructure, The Wall Street Journal reports.

American Airlines Inc.’s bankruptcy case cost $400 million, the Dallas Morning News reports.

According to WSJ, Argentina’s ready to negotiate with a group of holdout creditors over defaulted debt.

Reuters looks at bond insurer Syncora Guarantee Inc. as a rival in Detroit’s bankruptcy case.

Credit Slips looks at the “new” new laws on student loans and bankruptcy.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.