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IN RE CATHOLIC DIOCESE OF WILMINGTON, INC.

Bankruptcy No. 09-13560 (CSS). Adversary No. 09-52866.

432 B.R. 135 (2010)

In re CATHOLIC DIOCESE OF WILMINGTON, INC., Debtor. Official Committee of Unsecured Creditors, Plaintiff, v. Catholic Diocese of Wilmington, Inc., et al., Defendants.

United States Bankruptcy Court, D. Delaware.

June 28, 2010.

Attorney(s) appearing for the Case

John T. Dorsey, Neilli M. Walsh, Mary F. Dugan, Patrick A. Jackson, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE, for Defendant/Debtor Catholic Diocese of Wilmington, Inc.

James I. Stang, Kenneth H. Brown, Gillian N. Brown, Elissa A. Wagner, Curtis A. Hehn, Pachulski Stang Ziehl & Jones, LLP, Wilmington, DE, for the Official Committee of Unsecured Creditors.

Ashby & Geddes, Stephen E. Jenkins, Philip Trainer, Jr., Toni-Ann Plantia, Wilmington, DE, for Non-Debtor Defendants.

OPINION1

SONTCHI, Bankruptcy Judge.

INTRODUCTION

The Catholic Diocese of Wilmington, Inc. (the "Debtor") is the debtor in this Chapter 11 case. Among its many activities, it operates a pooled investment program on behalf of the Diocese.2 The purpose of the pooled investment program is to combine the assets of the participants to provide...

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