The Church of Jesus Christ of Latter-Day Saints, historic Mormon Salt Lake Temple is shown here with Christmas light display in Salt Lake City, Utah.
The church agreed to pay $1 million and Ensign Peak will pay $4 million.
Their lawsuit seeks class-action certification, potentially involving millions of church members, and an independent entity to oversee collection and use of church donations.
Ensign Peak has spent funds only twice in its 26-year history, according to both lawsuits.
From 2010-2014 it put $1.4 billion to build a mall near Temple Square in downtown Salt Lake City.
Persons:
of Jesus Christ, doesn't, James Huntsman, Jon Huntsman, Jr, didn't, Huntsman's, Daniel Chappell, Masen Christensen, John Oaks, Huntsman, David Nielsen, Ensign Peak
Organizations:
of Jesus, Utah Gov, U.S . Securities, Exchange Commission, Corporation of, Advisors, U.S . Senate, U.S, Ninth Circuit
Locations:
Salt Lake, Salt Lake City , Utah, U.S, Salt Lake City, California, Virginia, Utah, Temple