United Development Funding IV fka UDFI

[ofirm]

keep in mind there are multiple buckets for that $1B:
1. damage done to the management firm and its reputation.
2. damage done to the unitholders through the price manipulation
(that is actually the biggest chunk and usually is demanded
directly through a class action - I do not see one here)
3. damage to the operations of the fund (directly done to the
equity value and not the price).

combined value might be close to $1B, but I would guess that
bucket 2 would be ~$12 per unit ($450M or so).
bucket 3 would be ~$9 per unit ($333M or so).
bucket 1 would be the rest.
bucket 1 has nothing to do with the fund holders and bucket 2 is
for the holders of units at the time of the initial claims.
bucket 3 is the relevant part for the equity holders at the time
of the lawsuit resolution.
Anyway, that is what sounds logical to me. Delaware has this
common sense legal rule that whoever suffers the injury can claim
compensation for it and I believe most states adopted that approach
a long time ago.