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IN RE DIOCESE OF BUFFALO, N.Y.

BK 20-10322 CLB.

621 B.R. 91 (2020)

IN RE The DIOCESE OF BUFFALO, N.Y., Debtor.

United States Bankruptcy Court, W.D. New York.

Signed October 30, 2020.

Attorney(s) appearing for the Case

Bond, Schoeneck & King, PLLC, Stephen A. Donato, Esq. , Charles J. Sullivan, Esq. , Grayson T. Walter, Esq. , of counsel, One Lincoln Center, Syracuse, New York 13202-1355, Attorneys for The Diocese of Buffalo, N.Y.

Office of the U.S. Trustee, Joseph W. Allen, Esq. , Assistant U.S. Trustee, Olympic Towers, 300 Pearl Street, Suite 401, Buffalo, New York 14202.

Gleichenhaus, Marchese & Weishaar, PC, Scott Bogucki, Esq. , of counsel, 43 Court Street, Suite 930, Buffalo, New York 14202, Co-Counsel for Official Committee of Unsecured Creditors.

DECISION & ORDER

The United States Trustee objects to a request of the Diocese of Buffalo to maintain investment accounts in an entity known as the St. Joseph Investment Fund, Inc. The central issue is whether investment standards under state law warrant a waiver of the depository requirements of 11...

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