L.A. abuse settlement: $660 million.
The figure is astonishing–over half a billion dollars in abuse settlements involving 508 victims. And that is not including the $114 million the L.A. Archdiocese paid out earlier this year. No wonder Cardinal Mahony announced he was selling the chancery in May. But that building won’t come close to covering the payout. The archdiocese will pay $250 million in cash. How much will insurance kick in? The religious orders? What else will have to be sold?
The terms of the settlement require the archdiocese to release information from files relating to clergy-abuse allegations.
Cardinal Mahony was supposed to testify on Monday. Now that the settlement is approved, that won’t happen.
$660 million. Read the L.A. Times account right here.