
The settlement figures have not yet been officially announced.
The diocese is expected to sell property to raise the compensation funds.
Ray Boucher, lead plaintiff lawyer in the case, said the settlement also called for the release of confidential priest personnel files.
"Transparency is a critical part of this and of all resolutions," he said.
Healing process
Steven Sanchez, a plaintiff in the case, said he was both relieved and disappointed by the outcome.
"I was really emotionally ready to take on the archdiocese in court in less than 48 hours, but I'm glad all victims are going to be compensated," he said.
"I hope all victims will find some type of healing in this process."
David Clohessy, national director of the Survivors Network of those Abused by Priests, said while it was the largest settlement by the Church, money was not the key objective for victims.
"It is never about the money. Victims want healing, prevention, closing, accountability," he said.
The diocese has not yet commented on the settlement but said Church officials planned to be in court on Monday morning.
In a recent letter to parishioners, Cardinal Roger Mahony said the Church would be selling an administrative building and was considering the sale of about 50 other Church properties to raise funds for settlement.
Since 2002 nearly 1,000 people have filed such claims against the Roman Catholic Church in California alone.
In February 2004, a report commissioned by the Church said more than 4,000 Roman Catholic priests in the US had faced sexual abuse allegations in the last 50 years.

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