The Committee is pleased to report three more important developments:

1. The Court heard and approved the Committee’s application to have Stout serve as the Committee’s real estate valuation expert. Stout will assist the Committee in evaluating real estate that may be utilized in connection with the Diocese’s reorganization efforts.
2. The Committee updated the Court regarding the number of Survivors that are interested in making impact statements. With over 40 interested Survivors, the Court scheduled hearings on September 10, 2025 (starting at 1:00 p.m. ET) and September 11 and 12, 2025 (full day, start times to be determined). More information regarding the logistics of this hearing will be communicated to Survivor’s personal counsel and posted to the albanysurvivors.com website in the future.
3. Two insurance companies—London Market Insurers and Hartford—have objected to certain survivor claims. In response to the objections, the Committee proposed that the Court should first consider whether the insurers have “standing” to object to survivor claims. Standing can be thought of as whether or not a party can speak in court on a particular issue. In a fantastic decision for Survivors, the Court agreed that “standing” was an issue that needed to be addressed and strongly questioned whether the insurers had standing to object to Survivor claims. The Court then set a briefing schedule and indicated a decision on the standing issue would likely be forthcoming at the end of August. In the event that the insurance companies can establish standing to object to claims, each claim objection would be addressed on the merits. Survivors can feel confident that the Committee is advocating for the legal recognition of all legitimate claims in this bankruptcy case.