ESOP terminated two years ago. Stock "distributed". Participants put stock back to company. Particpants received partial payment and notes. Most participants rolled proceeds and notes over to IRAs. Balance on notes was paid a year later by a new company that purchased the former ESOP company. ERISA and state securities litigation about the purchase price of the stock from participants. Settlement reached with additional proceeds from sale to be made. Payment will come from a former party in interest. The ESOP and trust no longer exist. Can payments be made directly to IRAs and participants according to their original elections? If no, who issues the elections? Will new 1099-Rs be required? If yes, who issues the 1099-Rs? Thank you.