New York Archdiocese Approaches $800 Million Settlement for Clergy Sex Abuse Lawsuits
The Archdiocese of New York is nearing an $800 million settlement to resolve nearly 2,000 clergy sex abuse lawsuits, potentially avoiding bankruptcy. Legal-Bay, a pre-settlement funding provider, suggests this negotiated resolution could offer better outcomes for survivors than bankruptcy proceedings. The settlement may result in an average recovery of over $600,000 per claimant.
Topics: Archdiocese of New York bankruptcy clergy abuse lawsuits legal funding settlement funding