UnifiedOnline Inc fka UOIP

[GColl]

The question I tried to answer concerned how settlement funds are handled.

This doesn't conflict with what you quoted me as saying.
Both (a) and (b) apply to what happens with the money after it is fully deposited into whatever account it ends up in.

Say over the past three months, all defendants have finished depositing their pieces of the pie - a total of $3 billion dollars - into a court-controlled account.

If (b), then Billy gets his hands on the money if there are no legal obstacles to stop him from doing so.

If (a), then Billy has to deal to get the money.

Something has to be put up in front of Billy once the funds are fully deposited and the trust/court account is ready to be disbursed. If the plan proposed to the court and agreed upon by the lawyers says something like 25% to lawyers, 25% to waterfall/whatever/whoever, and 50% to Billy, then that's how the money will be given out unless there is something to stop that.

Again, the money is being amassed since July 9 and the terms of how the money gets doled out are already in writing, a writing that is in the courts hands - all agreed to by the lawyers.

This is the only way I know how it works. There might be other methods of structuring the settlement money and holding it in some fashion. I never handled anything close to this type of award. The lawyers representing the shareholders are much smarter and more experienced than I am, so they have a handle on this.