United Development Funding IV fka UDFI

[ofirm]

for UDF settlement would be a way to move forward with their business.
Bass knows that. while there is a cloud over UDF they can not
create new funds to manage and another thing to keep in mind is that
UDF can not settle anything that has to do with loss of unit value.
That part is owned by the unitholders of back then. that is also
the majority of the damage. I think UDF are very emotional in
their fight and for Bass its mostly a matter of ego at this point.
I do not see a way any judge will say what he did is ok based on what
was in his emails. free speech is to voice opinions - what is clear
is that his opinions were contrary to his claims and that he
knowingly lied about the facts to the unitholders. that is market
manipulation - not free speech.
I believe this is going to set a scary precedent for people.