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A New York Diocese Filed For Bankruptcy. Will Others Follow?

September 23, 2019 by sd

From CRUX:

A New York diocese filed for bankruptcy. Will others follow?The Diocese of Rochester was the first in New York to seek bankruptcy protection under the weight of new sexual misconduct lawsuits, but lawyers and church leaders say it may not be the last.

All eight of the state’s Catholic dioceses face financial pressures as a result of the state’s new Child Victims Act, which temporarily set aside the usual statute of limitations for lawsuits to give victims of childhood sexual abuse a year to pursue even decades-old claims. More than 400 cases have been brought against the dioceses since Aug. 14, when the law’s one-year “look back” period for such suits began.

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