Replies to post #12086 on Mesa Offshore Trust (fka MOSH)

[ronpopeil]

is it possible to ask for an injunction to stop JP from using trust funds? after all, the case is being brought against them by the actual unit holders they are suppose to protect, not some disinterested, unaffiliated entity or group. the money could be put in escrow and if it is found that JP did nothing wrong, they would be entitled to this money. i just hate the fact the trust is paying their fees for their own incompetence and self-dealing.

[Steady_T]

VP ultimately you are right. If we win the case, the court will award legal fee's to the trust and JPM will have to pay it's own legal fees. Until then, JPM can use bill the legal fee's to the trust. Right or wrong that's the way it is.

It is in my mind part of the strategy to starve the trust into non existance. No doubt at the time, it seemed like a good idea to JPM and PXD. And given that it took a very strongly motivated group of unit holders to bring this action in the first place, they came close to having it work out according to plan.