Current:Home > InvestLos Angeles Archdiocese agrees to pay $880 million to settle sexual abuse claims -Core Financial Strategies
Los Angeles Archdiocese agrees to pay $880 million to settle sexual abuse claims
View
Date:2025-04-17 18:28:55
NEW YORK —The Roman Catholic Archdiocese of Los Angeles has agreed to pay $880 million to 1,353 people who say they were sexually abused as children by clergy dating back decades, the largest settlement involving a U.S. diocese.
The Archdiocese began mediating the abuse claims after California enacted a law that allowed new lawsuits to be based on past instances of sexual abuse involving minors. The California law and similar legislation in other states have driven many large Catholic organizations to seek bankruptcy protection around the U.S. to resolve similar abuse claims.
Archbishop Jose H. Gomez expressed sorrow for the abuse in announcing the settlement on Wednesday.
“I am sorry for every one of these incidents, from the bottom of my heart,” Gomez said in a statement. “My hope is that this settlement will provide some measure of healing for what these men and women have suffered.”
The Los Angeles Archdiocese reached its settlement without filing for bankruptcy. Gomez said the Archdiocese would be able to pay victims from cash reserves, investments, loans, and contributions from other religious organizations that had been named in lawsuits. The payments will not impact the Archdiocese’s mission of "serving the poor and vulnerable in our communities," Gomez said.
Attorneys for the Archdiocese and the Plaintiffs’ Liaison Counsel representing abuse claimants issued a joint statement on Wednesday thanking survivors for coming forward with their stories and ensuring that similar abuse will not occur in the future.
"While there is no amount of money that can replace what was taken from these 1,353 brave individuals who have suffered in silence for decades, there is justice in accountability," the Plaintiffs' Liaison Counsel said in a joint statement.
veryGood! (84314)
Related
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Carlee Russell admits disappearance, 'missing child' reported on Alabama highway, a hoax, police say
- And the award goes to AI ft. humans: the Grammys outline new rules for AI use
- Inside Clean Energy: E-bike Sales and Sharing are Booming. But Can They Help Take Cars off the Road?
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Gambling, literally, on climate change
- TikTok Just Became a Go-To Source for Real-Time Videos of Hurricane Ian
- California’s ‘Most Sustainable’ Dairy is Doing What’s Best for Business
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Two free divers found dead in Hawaii on Oahu's North Shore
Ranking
- Trump wants to turn the clock on daylight saving time
- How Jill Duggar Is Parenting Her Own Way Apart From Her Famous Family
- Reddit CEO Steve Huffman: 'It's time we grow up and behave like an adult company'
- Inside Clean Energy: Think Solar Panels Don’t Work in Snow? New Research Says Otherwise
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Some cancer drugs are in short supply, putting patients' care at risk. Here's why
- When big tech laid off these H-1B workers, a countdown began
- The Truth About Kyra Sedgwick and Kevin Bacon's Enduring 35-Year Marriage
Recommendation
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Mike The Mover vs. The Furniture Police
This $41 Dress Is a Wardrobe Essential You Can Wear During Every Season of the Year
Taking a breather: Fed holds interest rates steady in patient battle against inflation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Some cancer drugs are in short supply, putting patients' care at risk. Here's why
When insurers can't get insurance
He lost $340,000 to a crypto scam. Such cases are on the rise