June 29 (UPI) -- The Archdiocese of San Francisco has reached a $395 million settlement with hundreds of survivors of childhood sexual abuse allegedly committed by members of the clergy, lawyers for the victims and the archbishop announced Monday.

The San Francisco Catholic Archdiocese has agreed to pay $395 million to settle more than 500 lawsuits alleging child sexual abuse by church officials, plaintiffs' attorneys said Monday.

NEW YORK, June 29 - The Roman Catholic Archdiocese of San Francisco on Monday announced a $395 million settlement with about 530 people who said they were abused as children by priests, a deal that would resolve the archdiocese's bankruptcy case. Read more at straitstimes.com. Read more at straitstimes.com.

The San Francisco Catholic Archdiocese has agreed to pay $395 million to settle over 500 lawsuits alleging child sexual abuse by church officials.