NY Archdiocese will negotiate global sex abuse settlement, raise $300M for 1,300 victims

The Archdiocese of New York has agreed to negotiate a settlement to compensate 1,300 people who have accused priests and staff lay members of child sex abuse — and is working to raise $300 million to cover the cost.

Archdiocese officials have met with lawyers in hopes of reaching a global settlement with survivors who have accused lay members of sexually abusing them while they were minors, Cardinal Timothy Dolan announced Monday in a public letter.

The Archdiocese has begun raising $300 million to fund the settlement by dramatically cutting costs and selling real estate — including laying off staff, reducing its operating budget by 10%, and selling the former archdiocesan headquarters on First Avenue in Manhattan, Dolan said.

Roughly 1,300 abuse survivors would benefit from the settle