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[Anglican Curmudgeon] 28 Aug 2008--The Episcopal "Diocese" of San Joaquin (which is not yet an official diocese of the Episcopal Church, for reasons explained here) has put out a press release concerning a recent Stipulation approved in an Order issued by the Fresno County Superior Court in the pending litigation between TEC, Bishop Lamb, and Bishop Schofield. The press release, as most such one-sided documents are intended to do, tries to put a positive spin on what was actually a refreshingly pragmatic solution arrived at between the parties, but only after a good deal of initial resistance from the TEC side.
Before I deal with what the release says, let me give some background to the unusual situation which this Stipulation and Order address. As noted in earlier posts, the Episcopal "Diocese", Bishop Lamb, and TEC joined in a lawsuit filed in April 2008 against Bishop Schofield (whom the plaintiffs refused to title as a "bishop" in their pleadings) and various diocesan trust fund entities, who, they alleged, had absconded with buildings, properties and bank accounts which belonged to them, the plaintiffs. In a tactic designed solely to turn up the heat on the defendants, the plaintiffs amended their lawsuit in May to name as an additional defendant the brokerage firm of Merrill Lynch, with whom Bishop Schofield and the trust entities had invested their funds. In response to being sued, Merrill Lynch placed a hold, or "freeze", on some 32 different investment accounts maintained with it by the defendants (and others who were not defendants).
Related press release:
http://s3.amazonaws.com/dfc_attachments/public/documents/116/PressReleaseCourtMaintainsFreezeOfEpiscopalAssets080826.pdf
Court Maintains Freeze of Episcopal Assets - The Episcopal Diocese of San Joaquin
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