I was a member of several Class Actions from 1999 and 2000. Most of the awards were so small I didn't bother sending in the paperwork. But it is ALWAYS cash, and nothing else. And they weren't distributed until 2006 or later.
In a class action award, it is a monetary settlement. The lawyer gets a lion's share. The lead plaintiffs are next in line. The other Class Members are last. They will get a pittance.
Those are the terms. There's nothing complicated about a Class Action Award. It's Cash Only. No shares, no certificates, no coffee mugs with Radient written on the side, no "Rear in Gear" t-shirts, no office equipment: just a lump sum of cash to be distributed.
And if there is no insurance to cover the award, nobody will get anything in this case. Will Rosen try to force bankruptcy in that event? Doubtful, it's just throwing good money after bad. If a court forced Radient into BK, the Administrator would get a few hundred thousand MAYBE for intellectual property, tops (probably a lot less), and the lenders would all make claims. What a mess that would be. Rosen would probably get nothing.
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