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On February 21, 2023, the United States Securities and Exchange Commission (SEC) charged the Church of Jesus Christ of Latter-day Saints (LDS Church) and its non-profit investment arm, Ensign Peak Advisors (EP), for failing to disclose the LDS Church's investments, and instead creating shell companies whose purpose was to obscure the church's portfolio.
The LDS Church denied legal liability in the case, and said it was settling the lawsuit based on "litigation economics" alone. [1] In September 2008, LDS Church bishop Timothy McCleve pleaded guilty to sexually molesting children from his ward. [2] He was sentenced in December 2008 to 1–15 year prison terms for the abuse. [3]
The LDS Church argued that section 702 protected the organization in its employment decisions, because the act included an exemption: "This subchapter shall not apply to an employer with respect to the employment of aliens outside any State, or to a religious corporation, association, educational institution, or society with respect to the ...
The church denied wrongdoing but settled its part of the lawsuit for $1 million in December, and the woman's mother settled for $200,000 in February, according to news reports.
“There are clear patterns to LDS abuse, just like the Catholic Church,” an attorney for the plaintiff said. LDS Church settles with Tacoma sex abuse survivor for $1.1 M. More WA lawsuits pending
The Late Corporation of the Church of Jesus Christ of Latter-Day Saints v. United States, 136 U.S. 1 (1890), was a Supreme Court case that upheld the Edmunds–Tucker Act on May 19, 1890. Among other things, the act disincorporated the Church of Jesus Christ of Latter-day Saints (LDS Church).
The Salt Lake Tribune reports on the investment strategies behind a highly valued and hotly debated stock portfolio of The Church of Jesus Christ of Latter-day Saints.
2021 James Huntsman fraud lawsuit - Disaffected LDS Church member James Huntsman file a federal suit accusing the LDS Church of misleading its members in spending donations meant for charitable causes on commercial enterprises. Kirton McConkie represented the LDS Church, and the suit was thrown out, but then appealed in February 2022. [13] [14 ...