So to that point, we know Mehta has funded the lawsuit, and was provided a list of unitholders of record by BNY Mellon as part of the Trustee replacement... a very long time ago. The problem is, unitholders of record are the registered owner of a security, typically a broker/dealer acting on behalf of its clients; that's unless you registered your units yourself. So it's dated information, for (mostly) intermediaries. So it will be hard for them to track down current owners, and hard (because the stock certificates would have been held by the broker/dealer) for beneficial owners (ie, you) to prove that they are indeed owners. And I'm sure, as Trustee, Mehta will be taking a decent chunk of the settlement to cover the costs of the litigation, not to mention work done by his employees: email traffic in the court docs indicates employees of Mehta's PE fund spent years trying to gather NPI records from Quantum-Breitburn-Maverick.
That said: I will buy any verifiable LL&E Royalty Trust units that you, or anyone else, is willing to sell me.
