An activist with sign denouncing the Catholic Church's alleged lack of response to the abuse of children by clergy. Photo: Andy Katz/Pacific Press/LightRocket via Getty Images
Why it matters: Institutions that have long cared for children, like the Catholic Church, the Boy Scouts, public school districts and hospitals, are girding for what could be a devastating financial blow. All such institutions were named in lawsuits filed Wednesday. A similar law, passed in California in 2002, resulted in Catholic dioceses there paying $1.2 billion in legal settlements.
The big picture: Under New York's Child Victims Act, New Yorkers have a 1-year window to file lawsuits concerning child sexual abuse.
- Hundreds of people filed suits Wednesday against the Catholic Church or one of its several New York dioceses, per AP.
This article has been updated with details about lawsuits filed.