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  Los Angeles Archdiocese to Settle Abuse Cases for $660 Million

Associated Press, carried in Wall Street Journal
July 15, 2007

http://online.wsj.com/article/SB118448941353966882.html?mod=googlenews_wsj

Los Angeles — The largest Roman Catholic archdiocese in the U.S. has agreed to settle its abuse cases for $660 million, a lead plaintiff's attorney said, by far the largest payout in the church's sexual abuse scandal.

The Roman Catholic Archdiocese of Los Angeles and the plaintiffs reached the deal Saturday, said Ray Boucher, the lead plaintiff's attorney. The archdiocese and the plaintiffs will release a statement Sunday morning and hold a news conference Monday, he said.

An anonymous source with knowledge of the deal placed its value at $660 million. The source spoke on condition of anonymity because the ...

 
 

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