Current:Home > MarketsTradeEdge-Los Angeles Archdiocese agrees to pay $880 million to settle sexual abuse claims -Elevate Capital Network
TradeEdge-Los Angeles Archdiocese agrees to pay $880 million to settle sexual abuse claims
Algosensey View
Date:2025-04-09 02:43:56
NEW YORK —The TradeEdgeRoman 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! (1)
Related
- Sam Taylor
- This woman threw french fries on her husband's grave. Millions laughed – and grieved.
- First victim of Tulsa Race Massacre identified through DNA as WWI veteran
- Alix Earle's Sister Ashtin Earle Addresses PDA Photos With DJ John Summit
- 51-year-old Andy Macdonald puts on Tony Hawk-approved Olympic skateboard showing
- Missouri execution plans move forward despite prosecutor trying to overturn murder conviction
- 10 billion passwords have been leaked on a hacker site. Are you at risk?
- Glen Powell Details Friendship With Mentor Tom Cruise
- Giants, Lions fined $200K for fights in training camp joint practices
- Euphoria Season 3 Finally Has a Start Date
Ranking
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Video shows Coast Guard rescue blind hiker, guide dog stranded for days on Oregon trail
- Beyoncé resurges on Billboard charts as 'Cowboy Carter' re-enters Top 10 on 5 charts
- Euphoria Season 3 Finally Has a Start Date
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Young Voters Want To Make Themselves Heard In Hawaii — But They Don’t Always Know How
- Pregnant Margot Robbie and Husband Tom Ackerley Pack on the PDA at Wimbledon 2024
- Trump asks judge to throw out conviction in New York hush money case
Recommendation
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Video shows Coast Guard rescue blind hiker, guide dog stranded for days on Oregon trail
Carlos Alcaraz and Novak Djokovic will meet in the Wimbledon men’s final again
Tobey Maguire, 49, spotted with model Lily Chee, 20: We need to talk about age gaps
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Alec Baldwin’s Rust Involuntary Manslaughter Trial Takes a Sudden Twist
Judge rejects effort by Washington Attorney General Bob Ferguson to get records from Catholic church
Beastie Boys sue Chili's parent company for copyright infringement