secwatch.observer — SEC 8-K summary
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Issuer:     Pacific Coast Oil Trust (—)
CIK:        0001538822
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0001104659-26-036825
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

No distribution for Jan 2026; whistleblower suit proceeds; trust dissolved, winding up delayed
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- No cash distribution for January 2026; cumulative net profits deficit for Developed Properties increased to ~$11.8M.
- Whistleblower lawsuit (Potyondy v. PCEC) alleging false data to trustee continues; court denied PCEC's motion to dismiss.
- Trustee investigating whistleblower allegations, delaying marketing of trust assets and filing of comprehensive annual report.
- Trust owes PCEC ~$12.8M; letter of credit fully drawn; likelihood of future distributions extremely remote.
- Arbitration final award: trust dissolved; trustee duties limited to winding up; PCEC allowed to deduct legal fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538822/000110465926036825/0001104659-26-036825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538822/000110465926036825/tm269093d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-036825

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