Current:Home > MarketsLos Angeles Archdiocese agrees to pay $880 million to settle sexual abuse claims -InvestPioneer
Los Angeles Archdiocese agrees to pay $880 million to settle sexual abuse claims
Surpassing Quant Think Tank Center View
Date:2025-04-08 23:39:56
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! (455)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Four Downs and a Bracket: This Heisman version of Jalen Milroe at Alabama could have happened last season
- Yankees' Anthony Rizzo fractures fingers in season's penultimate game
- Minnesota football's Daniel Jackson makes 'Catch of the Year' for touchdown vs Michigan late
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Appeals stretch 4 decades for a prisoner convicted on little police evidence
- California governor vetoes bill to create first-in-nation AI safety measures
- Behind dominant Derrick Henry, Ravens are becoming an overpowering force
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Awareness of ‘Latinx’ increases among US Latinos, and ‘Latine’ emerges as an alternative
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- 7UP clears up rumors about mocktail-inspired flavor, confirms Shirley Temple soda is real
- Sister Wives: Christine Brown and Robyn Brown Have “Awkward” Reunion
- 'Days of Our Lives' icon Drake Hogestyn, beloved as John Black, dies at 70
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- University imposes a one-year suspension on law professor over comments on race
- Breanna Stewart, Liberty handle champion Aces in Game 1 of WNBA semifinals
- Shohei Ohtani's 50-50 game-worn pants will be included in Topps trading cards
Recommendation
Intel's stock did something it hasn't done since 2022
College Football Misery Index: Ole Miss falls flat despite spending big
Earthquake registering 4.2 magnitude hits California south of San Francisco
In Alabama, Trump goes from the dark rhetoric of his campaign to adulation of college football fans
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Why Lionel Messi did Iron Man celebration after scoring in Inter Miami-Charlotte FC game
Residents told to evacuate or take shelter after Georgia chemical fire
It’s a ‘very difficult time’ for U.S. Jews as High Holy Days and Oct. 7 anniversary coincide