The Litigation Trustee, along with plaintiffs in various related actions, has made a series of settlement proposals to shareholder defendants in the intentional fraudulent transfer litigation, further described under "Settlement Offer." As of July 30, 2018, the aggregate settlement proceeds received by the Trust, net of allocated legal fees and expense of the settlement administrator, were $21.3 million.
Out of the settlement proceeds, the Litigation Trustee is distributing $8 million to the Class 1E and Class 1F beneficiaries of the Litigation Trust pursuant to the Litigation Trust Distribution Schedule (set forth in Exhibit C to the Litigation Trust Agreement).
|June 9, 2016
||Notice of Distribution from Morgan Stanley Settlement