CALIFORNIA
Monterey Herald
By JULIA REYNOLDS
Herald Staff Writermontereyherald.com
Months after last year’s bankruptcy filings by two prominent Catholic organizations, the real estate arm of one of them sold two Salinas properties to Palma High School, county records show.
The transfer of the West Acacia Street lots, which include two single-story houses, has plaintiffs’ attorneys asking whether the sale coincided with the hunt for assets by abuse victims seeking restitution in the massive Christian Brothers’ bankruptcy cases.
“The timing is very interesting,” said Michael Pfau, a Seattle attorney involved in the cases.
“What was the purpose of the transfer?” he asked. “We’re going to scrutinize it in light of the national bankruptcy and in light of claims coming forward in multiple states. The question is, is that an effort to keep those assets from being pulled into the bankruptcy case?”
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