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

July 4, 2011 - PRLog -- 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


A copy of the newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC 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