FAIRLESS HILLS, Pa. -- Ambac Financial Group, Inc. is seeking a restructured lease of its headquarters premises with lessor, One State Street, LLC. The Company is seeking reduced rental dues and reduced space.
Ambac has also filed its fourth quarter and full year 2010 financial results. It reported $29 billion in assets and $30.4 billion in liabilities.
More details on Ambac's 2010 annual report and new headquarters lease agreement, as well as other Ambac bankruptcy-related stories, are in AMBAC BANKRUPTCY NEWS, Issue No. 15 published by Bankruptcy Creditors' Service, Inc.
The 23-page newsletter contains stories with these headlines:
[00144] AMBAC FINANCIAL GROUP RELEASES 4TH QTR./FY 2010 RESULTS
[00145] DEBTOR'S MOTION TO APPROVE ONE STATE STREET SETTLEMENT
[00146] ADVERSARY PROCEEDING -- AFG vs. Karthikeyan Veera
[00147] DEBTOR'S MOTION TO SET UP CLAIMS OBJECTION PROCEDURES
[00148] DEBTOR'S APPLICATION TO EMPLOY CORNERSTORE RESEARCH
[00149] OFFICERS DISCLOSE OWNERSHIP OF AFG COMMON STOCK
A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
AMBAC BANKRUPTCY NEWS tracks the restructuring of Ambac Financial Group Inc.
How to Subscribe to AMBAC BANKRUPTCY NEWS
AMBAC BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving AMBAC BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC
Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com
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