Ambac Claims Bar Date for Directors & Officers Moved to Aug. 1

FAIRLESS HILLS, Pa. -- Ambac Financial Group, Inc. directors and officers are given more time to file their claims through Aug. 1, 2011.

Ambac has also formally filed a motion with the bankruptcy court seeking approval of a settlement to settle several securities lawsuits for $27.1 million.

Details on the securities suit settlement and other stories are available at AMBAC BANKRUPTCY NEWS, Issue No. 22, published by Bankruptcy Creditors' Service, Inc.

The 13-page newsletter contains stories with these headlines:

[00188] AFG SEEKS APPROVAL OF $27.1-MIL. SECURITIES SETTLEMENT
[00189] AMBAC FINANCIAL'S D&O CLAIMS BAR DATE EXTENDED TO AUG. 1
[00190] DEBTOR'S OBJECTION TO NY FINANCE DEPT.'S $116-MIL. CLAIM
[00191] DEBTOR'S 1ST TO 16TH OMNIBUS OBJECTIONS TO CLAIMS
[00192] OCI TAPS R. PETERSON TO MANAGE AAC'S SEGREGATED ACCOUNT
[00193] BANKRUPTCY PROFESSIONALS FILE FEE APPLICATIONS
[00194] AFG NOTIFIES LATE FILING OF INCENTIVE PLAN ANNUAL REPORT
[00195] MONTHLY OPERATING REPORT -- Ended May 31, 2011


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AMBAC BANKRUPTCY NEWS tracks the restructuring of Ambac Financial Group Inc.

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