Vatican Suit Dropped

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.”

Don't miss the best from America

Sign up for our Newsletter to get the Jesuit perspective on news, faith and culture.

The latest from america

Why Ron Hansen will never read the Gospels the same.
Ron HansenJuly 20, 2017
Photo by Aphex82
For the brackish water, and electricity / That charge our thoughts and spines.
William O'LearyJuly 20, 2017
An immigration rally outside the U.S. Supreme Court in Washington in April. The U.S. bishops' migration committee chair in a statement on July 18 urged President Donald Trump to "ensure permanent protection" for youth under the Deferred Action for Childhood Arrivals program, or DACA. (CNS photo/Tyler Orsburn)
U.S. bishops urge Trump administration "to continue administering the DACA program and to publicly ensure that DACA youth are not priorities for deportation."
In time, we respond or fail to respond to God’s dreams for us.
Terrance KleinJuly 19, 2017