This is the statement from Dr Eamon Walsh, read out in court by counsel for Mr O'Gorman:
'The matter has been settled on terms that Bishop Eamon Walsh as Apostolic Administrator of the Diocese of Ferns, admits negligence and agrees to pay Colm O'Gorman compensation and costs.
'He acknowledges and sincerely regrets the distress, trauma and hurt caused to Colm O'Gorman by virtue of the acts of sexual abuse perpetrated on him between 1981 and 1983 by the late Fr Sean Fortune.
'He further acknowledges the failure of the Bishop at the time to recognise and act on the threat posed by the late Fr Fortune to Colm O'Gorman. Bishop Walsh wishes to apologise unreservedly to Colm O'Gorman for these failures and for the harm which he suffered in consequence.'