NEW MEXICO
Albuquerque Journal
By Olivier Uyttebrouck / Journal Staff Writer
Published: Tuesday, February 16th, 2016
ALBUQUERQUE, N.M. — A financial consultant who had complained about a lack of transparency by a church-owned insurance group resigned last week from his role in the Diocese of Gallup’s Chapter 11 bankruptcy case.
Settlement talks in the 26-month-old bankruptcy case stalled last month after Catholic Mutual Relief Society of America, a church-owned nonprofit, declined to turn over extensive financial records demanded by the consultant, Michael P. Murphy, the managing director of Michigan-based AlixPartners LLP.
Murphy was hired last year to represent the interests of sexual abuse victims who may file claims in the future.
Earlier this month, Murphy told U.S. Bankruptcy Judge David T. Thuma of Albuquerque that he would view Catholic Mutual’s financial statement, then give the judge a “thumbs up or thumbs down” decision whether to oversee a future-claims trust fund to distribute money paid by Catholic Mutual.
Murphy gave Thuma a “thumbs down” last week and asked to be relieved as the future-claims representative.
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