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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) March 23, 1998
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COAST FEDERAL LITIGATION CONTINGENT PAYMENT RIGHTS TRUST
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
333-44155 13-7140975
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(Commission File Number) (I.R.S. Employer Identification No.)
E.A. Delle Donne Corporate Center, Montgomery Building,
1011 Centre Road, Wilmington, Delaware 19805
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(Address of Principal Executive Offices) (Zip Code)
302 636-330
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
The Registrant has issued the press release, dated March 24, 1998,
attached as an exhibit hereto describing a recent development in the case
brought by Coast Federal Savings, FSB ("Coast Federal"), against the United
States Government relating to the Government's alleged breach of the
agreement, entered into in 1987 in connection with Coast Federal's
acquisition of Central Savings and Loan Association, to treat certain
amounts as a permanent addition to Coast Federal's regulatory capital.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit
No. Document Description
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99.1 Press release of the Registrant, dated March 24, 1998
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
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(Registrant)
Dated: March 24, 1998 By: /s/ James F. Barritt
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Name: James F. Barritt
Title: Litigation Trustee
INDEX TO EXHIBITS
Exhibit
No. Document Description
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99.1 Press release of the Registrant, dated March 24, 1998