Teachers' Retirement System, Department of Administration : Financial-Compliance Audit for the Two Fiscal Years Ended June 30 .. 2004 Dec

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Teachers' Retirement System, Department of Administration : Financial-Compliance Audit for the Two Fiscal Years Ended June 30 .. 2004 Dec
Montana. Legislature. Legislative Audit Division
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Under the company's recovery plan, the BOI received $1,454,961 in August 2004 for its unsecured claim. This transaction reduced the book value to $0 and generated a gain of $254,961 . The BOI is expected to receive additional proceeds for its claim.
DEUTSCHE BANK SECURITIES, INC. COMPLAINT The BOI received a summons and complaint, dated September 3, 2002, regarding the sale of a Pennzoil Quaker State, $5 million par, 6.75% corporate bond maturing April 1, 2009. Deutsche Bank Securities claims a
... "breach of contract" for the March 25, 2002 sale of the bond at a price of $94,669 plus accrued interest. Deutsche Bank Securities seeks damages of $538,632 for the additional costs incurred to acquire the bond from third parties, plus any statutory interest, costs and expenses. On October 1, 2002, Shell Oil Company acquired Pennzoil and subsequently announced a pubHc tender of Pennzoil Qu^er State debt. The BOI tendered the Pennzoil Quaker State holdings on October 8, 2002 at aprice of $113,099.

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