"This is a very important decision in favor of the Episcopal Church,” said Charles Dick, Chancellor for the Episcopal Diocese of San Diego and Partner with Baker & McKenzie LLP, who served as counsel to the diocese in this litigation. “It vindicates our position that the actions of the dissident congregation were extralegal and in excess of their legal authority.”
According to Bishop Matthews,
I am overjoyed with this result which will finally allow the Episcopalians of St. John’s to return to their church
In this particular ruling the court ruled that when vestry members resign from the Episcopal Church they cease to be a representative of congregation and The Episcopal Church. That means they did not have the authority to remove the assets from the diocese or the National Church
For another take on the decision, ReligiousIntelligence.com has a report by George Conger. The Living Church's take is here.