Settlement Proposed In Pension Collapse Lawsuit

(Providence, RI)  --  A settlement is being proposed in part of a Rhode Island hospital pension lawsuit.  The Providence Journal reports the court-appointed receiver suing over the collapse of the St. Joseph's and Fatima Hospital pension funds has proposed an eleven-million-dollar payment from three entities that previously owned Fatima, Roger Williams Hospital and the now-closed St. Joseph's Hospital.  A judge must approve the settlement.  Defendants not involved in the proposal include the Roman Catholic Diocese of Providence and Prospect CharterCare.


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