Today Common Pleas Court Judge Joseph James accepted a Special Master’s report detailing the properties the Judge has previously ruled should be controlled by the Episcopal Diocese of Pittsburgh.
The Special Master compiled his inventory following the Judge’s order of October 6, 2009, in which he ruled that a 2005 Stipulation agreed to by former diocesan leaders prevented them from continuing to hold diocesan assets.
Today's order contains provisions intended to make it clear to the financial institutions holding the assets that they should now take their instructions only from designated representatives of the Episcopal Diocese of Pittsburgh. The order, which takes effect immediately, also requires former diocesan leaders to provide ongoing cooperation to the Diocese to implement the provisions of the Order.
The Diocese plans to quickly make arrangements so that all parishes may again have access to their investment funds that were frozen by financial institutions during the legal proceedings.
A PDF of Judge James’ January 29th order and the public version of the Special Master’s report can be viewed by clicking here.