The total tax assessed value of those properties is $453 million, Irwin Zalkin, a San Diego lawyer who represents about 120 sex-abuse claimants, said at a news conference Wednesday (Feb. 22).By Greg Moran, Los Angeles Times
“A sweeping lawsuit filed in San Diego Superior Court accuses the Roman Catholic Diocese of San Diego of a scheme to fraudulently transfer hundreds of properties to avoid potentially large payouts stemming from a new wave of lawsuits alleging abuse by clergy members.
“The suit was filed on Tuesday, less than two weeks after the diocese held a news conference warning it might have to file bankruptcy for the second time since 2007, because of the threat from potentially large payouts to approximately 400 people who have sued alleging they were abused years ago.
“The latest lawsuit said that the diocese transferred 291 properties into real estate holding companies in late 2019, just after Gov. Gavin Newsom signed a bill that opened a three-year window for people who claimed they were victims of past sexual abuse to file new claims, long after the legal timeline had passed.”
By Greg Moran, Los Angeles Times — Read more …