re: Would love to hear any contrary opinions...
This isn't really a contrary opinion exactly, but more of a concern possibly due to not completely understanding how all the legal stuff works.
After liquidation, some sort of cash distribution seperate and apart from units would be all well and good, imo, but my concern about possible bearing on the case is that, wouldn't the units be cancelled then?
Maybe this is a ploy by defendants to basically get rid of all the beneficiaries standing, which by definition are enumerated/identified by virtue of the fact of being unitholders. No more units = no more holders = ending of the case...
If the properties/trust assets are all sold off, how can you have a trust with nothing in it?