LL&E Royalty Trust (fka LRTR)

[LLnEorBust]

You're completely correct and per a transcript filed in SDNY Bankruptcy Court (where Breitburn remains an open case, because this lawsuit is an alleged prepetition claim), the settlement with Maverick (successor) + Conoco covers both the historical damages and future value. That is, the cash settlement covers the damages and includes a consideration for future value.

General update - joint MTD / nonsuit was just filed in TX, indicating terms have been finalized. It's really happening people (it took twice as long as they told the BK judge it would).

Great question on court docs. Two sources:
1. Lawsuit in TX court: Harris County Clerk - online, free account required, Case # 201547031.
2. Status conference transcripts from Breitburn Ch. 11 - the LL&E trust lawyers, Maverick's litigation lawyers, and Maverick's bankruptcy lawyers all show up and tell the BK judge what's going on. You can pay for access via PACER or get it with a little delay from Kroll, no account required and easier to navigate. https://cases.ra.kroll.com/breitburn/Home-DocketInfo