US EditionNew York Archdiocese says it's setting up a $300M fund for sexual abuse victims
The Archdiocese will use asset sales and budget cuts to fund compensation for 1,300 abuse survivors, with retired Judge Daniel J. Buckley mediating the settlement process.
- On Monday, the Archdiocese of New York announced a $300 million fund to compensate victims of sexual abuse who sued the church.
- Cardinal Timothy Dolan said the archdiocese plans to finance the fund by budget reductions and asset sales, including completing the sale of the archdiocese's former Manhattan headquarters.
- The archdiocese agreed to engage retired Judge Daniel J. Buckley as a mediator, who previously negotiated for the Archdiocese of Los Angeles involving more than 1,000 people.
- The announcement came as a federal judge on Monday approved a $230 million settlement for the New Orleans Archdiocese to pay hundreds of victims, following its bankruptcy in 2020.
- A spokesperson for the archdiocese said church officials hope the fund would cover settlements for most, if not all, of the roughly 1,300 outstanding claims against the archdiocese.
72 Articles
72 Articles
NY archdiocese to negotiate settlements in abuse claims, will raise $300 million to fund them
(OSV News) — Cardinal Timothy M. Dolan announced Dec. 8 that the Archdiocese of New York would be entering into mediation and taking steps to raise more than $300 million for sexual abuse settlements. “We have made a series of very difficult financial decisions,” Cardinal Dolan said in a letter to his flock posted by the archdiocese’s online news outlet, The Good Newsroom. Archdiocesan operating budget Those decisions include reducing the archd…
The Archdiocese of New York announced on Monday that it will create a $300 million fund to compensate victims of sexual abuse who have sued the church. In a statement, Cardinal Timothy Dolan said that the archdiocese would pay the fund by reducing its budget and selling assets, including the sale of its former Manhattan headquarters, with the aim that the fund “may be reserved to provide compensation to survivors of sexual abuse.” The archdioces…
New York Archdiocese Agrees to Mediation for Settling 1,300 Claims of Sexual Abuse
The Roman Catholic Church in New York and more than 1,300 people who have accused its priests and lay employees of sexual abuse have agreed to enter mediation to resolve the claims. Announcing the negotiations on Dec. 8, the Archdiocese of New York said it hopes to reach a global settlement that would provide victim-survivors with “the most financial compensation possible.” Cardinal Timothy Dolan, who has led the archdiocese since 2009, said in …
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