Current:Home > StocksEthermac Exchange-Los Angeles Archdiocese agrees to pay $880 million to settle sexual abuse claims -Keystone Capital Education
Ethermac Exchange-Los Angeles Archdiocese agrees to pay $880 million to settle sexual abuse claims
Ethermac Exchange View
Date:2025-04-09 20:38:21
NEW YORK —The Ethermac ExchangeRoman 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! (98)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- New York's beloved bodega cats bring sense of calm to fast-paced city
- Maurice Williams, writer and lead singer of ‘Stay,’ dead at 86
- MONARCH CAPITAL INSTITUTE: The Premier Starting Point
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- A hunter’s graveyard shift: grabbing pythons in the Everglades
- Alligators and swamp buggies: How a roadside attraction in Orlando staved off extinction
- Carlos Alcaraz destroys his racket during historic loss to Gael Monfils in Cincinnati
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Her name was on a signature petition to be a Cornel West elector. Her question: What’s an elector?
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- US Navy helicopter crew members injured in Nevada training mishap released from hospital
- Johnny Bananas and Other Challenge Stars Reveal Why the Victory Means More Than the Cash Prize
- Stunning change at Rutgers: Pat Hobbs out as athletics director
- A South Texas lawmaker’s 15
- Jonathan Bailey Has a NSFW Confession About His Prosthetic Penis for TV
- San Francisco goes after websites that make AI deepfake nudes of women and girls
- Benefit Cosmetics Just Dropped Its 2024 Holiday Beauty Advent Calendar, Filled with Bestselling Favorites
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Sara Foster Says She’s Cutting People Out Amid Tommy Haas Breakup Rumors
Woman arrested, charged in Elvis Presley Graceland foreclosure scheme
Greenidge Sues New York State Environmental Regulators, Seeking to Continue Operating Its Dresden Power Plant
Could your smelly farts help science?
A Florida couple won $3,300 at the casino. Two men then followed them home and shot them.
Little League World Series: Live updates from Sunday elimination games
Key police testimony caps first week of ex-politician’s trial in Las Vegas reporter’s death