CEF/DIL – ASC Settlement News Release

The ASC has issued a news release on the ASC - LCC settlement. A copy of this release follows. ANO LUTHERAN CHURCH SETTLES WITH ASC FOR MISLEADING INVESTORS Sep 12, 2019 CALGARY – September 12, 2019 – The Alberta Securities Commission (ASC) has concluded a Settlement Agreement and Undertaking with the Lutheran Church-Canada, the Alberta-British Columbia... Continue Reading →

LCC CEF ASC Hearing “adjourned sine die”

This afternoon the LCC CEF entry on the ASC "status of current proceedings" page was updated with the status "adjourned sine die".  According to Wikipedia that means Adjournment sine die (from the Latin "without day") means "without assigning a day for a further meeting or hearing". To adjourn an assembly sine die is to adjourn it for an indefinite period. A legislative body adjourns... Continue Reading →

The Encharis et al vs ASC Petition

  While the ASC hearing is approaching, the court date for Encharis and others v ASC in the Alberta Court of Queens Bench is also approaching. In the Encharis case the representative action respondents are petitioning the court to put the ASC hearing on hold until the representative action is concluded which could delay the ASC... Continue Reading →

ASC Hearing Schedule Change

The clock's a-ticking and the start of the ASC hearing is now less than a month away and all the pre-hearing management meetings have been held. The hearing schedule has also been updated - it now starts on Sept 13 instead of Sept 16, and the Sept 17-20 hearing dates have been dropped. The ASC's "status... Continue Reading →

CEF Representative Action Update: Aug 6, 2019

From the Higgerty Law Lutheran Church Representative Actions page: August 6, 2019 We have filed and served the materials for the hearing to apply for certification of the Lutheran-CEF Alberta Class Action. A case management meeting with the Case Management Justice has been scheduled for October 22, 2019 to address coordinating and scheduling the steps leading... Continue Reading →

LCC Financial Reporting

When we talk about "Lutheran Church Canada" or any related organizations that fly under the LCC umbrella, one typically thinks of a church endeavoring to advance the work of the faith. The reality is that LCC the Synod, the old Districts, both Seminaries, and every individual church actually has two aspects to its operation - the... Continue Reading →

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