New York Archdiocese Faces Critical Decision on Handling 2,000 Sex Abuse Lawsuits
The Archdiocese of New York is at a critical juncture as it considers settling nearly 2,000 sex abuse lawsuits or filing for bankruptcy. Legal-Bay, a pre-settlement funding provider, reports that the Archdiocese may need to raise funds from individual parishes or face bankruptcy, similar to other dioceses nationwide. Plaintiffs' attorneys are seeking around $2 billion in settlements.
Topics: bankruptcy clergy abuse lawsuits financial settlement legal funding legal litigation