United Development Funding IV fka UDFI

[ofirm]

here is a really dumb question: what kind of derivative lawsuit can force the board of directors and
the executives to basically put the management of the fund on the market for other fund managers
to go after or for unrelated bodies to make offers for specific loans in the portfolio or specific assets.
Can just any MD lawyer file such a lawsuit. at this point, the case of the unitholders being abused
and their interests not represented should be beyond any dispute. the question is the remedy.
Nexpoint and the rest are fighting over management rights, but there is little they show as far as
regard to shareholders in their public funds. I hate to think of what they can do as partnership
managers to their unitholders/partners.