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Attached to this update you will find a table listing the pending litigation the Trustee has resolved.
The Trust has filed suit against numerous broker-dealers seeking to recover both the commissions paid them and additional damages caused by the broker-dealers. Segner, Jr., Liquidating Trustee of the PR Liquidating Trust, has undertaken significant litigation efforts to maximize the recovery for all investors in the Provident Royalties family of companies. A 5% distribution (5% of allowed claim) to the General Fund (all 7,786 investors) participants in November, 2012.A 7% distribution to the Assigned participants in November, 2013 and the second distribution of 3% to the Assigned participants in April, 2016.The second was made in November, 2013, a 7% distribution to all allowed claimants who had assigned their claims to the Trust.A third distribution of 3% was made to all allowed claimants who had assigned their claims to the Trust was made in April 2016.
for a purchase price in excess of $250 million ■Representation of Eagle River Holdings, LLC in connection with the sale of its holdings in Clearwire Corporation to Sprint Nextel Corp.