Coast Federal Litigation Contingent Payment Rights Trust (CCPRZ) Inactive
Filed: 16 Apr 03, 12:00am
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
(Amendment No. 1)
(Mark One)
| x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (fee required) |
For the fiscal year ended December 31, 2002
| ¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (no fee required) |
For the Transition Period From To
Commission file Number 333-44155
COAST FEDERAL LITIGATION CONTINGENT PAYMENT RIGHTS TRUST
(Exact name of registrant as specified in its charter)
DELAWARE | 13-7140975 | |
(State of Incorporation) | (I.R.S. Employer Identification No.) |
E.A. Delle Donne Corporate Center, Montgomery Building, 1011 Centre Road,
Wilmington, Delaware 9805-1266
(Address of principal executive offices)
Registrant’s telephone number, including area code: (302) 636-3300
Securities registered pursuant to Section 12(b) of the Act:
None
Securities registered pursuant to Section 12(g) of the Act:
Contingent Payment Rights Certificates
(Title of class)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days. YES x NO ¨
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to the Form 10-K. x
Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Securities Exchange Act of 1934). YES ¨ NO x
At June 28, 2002, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value of registrant’s securities (consisting solely of the Contingent Payment Rights Certificates (the “CPR Certificates”)) held by nonaffiliates of the registrant, based on the average bid and asked price of the CPR Certificates on that date of $.18 per CPR Certificate, was approximately $3.65 million.
At March 5, 2003, there were 20,703,817 CPR Certificates, no par value, outstanding.
Documents incorporated by reference:
None
AMENDMENT TO ANNUAL REPORT ON FORM 10-K
FOR FISCAL YEAR 2002
Note: This amendment is filed to include the name of the Registrant’s auditor on the auditor’s report under Item 8, which name was inadvertently omitted from the Form 10-K as originally filed. No other changes have been made to Item 8.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
INDEPENDENT AUDITORS’ REPORT
The Trustees
Coast Federal Litigation Contingent Payment Rights Trust:
We have audited the accompanying statements of financial condition of Coast Federal Litigation Contingent Payment Rights Trust (the “CPR Trust”) as of December 31, 2002 and 2001, and the related statements of operations, changes in certificateholders’ equity and cash flows for each of the years in the three-year period ended December 31, 2002. These financial statements are the responsibility of the CPR Trust’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
On March 24, 2003 the Court of Appeals issued a ruling upholding the Claims Court’s December 2000 Order which lead to the Claims Court’s judgment in favor of the government. Footnote A describes this ruling and its consequences related to the litigation of the Trust.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the CPR Trust as of December 31, 2002 and 2001 and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 2002 in conformity with accounting principles generally accepted in the United States of America.
KPMG LLP
Los Angeles, California
March 24, 2003
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COAST FEDERAL LITIGATION CONTINGENT PAYMENT RIGHTS TRUST
(Registrant)
Dated: April 16, 2003 | By: | Ray Martin | ||||||
Name: Ray Martin Title: Litigation Trustee | ||||||||
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