Thu, October 18, 2012
Wed, October 17, 2012
[ Wed, Oct 17th 2012 ] - Market Wire
Operations Update
Tue, October 16, 2012
Mon, October 15, 2012
[ Mon, Oct 15th 2012 ] - Market Wire
Eco-Safe to Install in Brazil
Sun, October 14, 2012
Sat, October 13, 2012
Fri, October 12, 2012
Thu, October 11, 2012
Wed, October 10, 2012
Tue, October 9, 2012
Mon, October 8, 2012
[ Mon, Oct 08th 2012 ] - Market Wire
00 a.m. CT

AmBase Announces Court of Federal Claims Approval of the Supervisory Goodwill Legal Proceedings Settlement Agreement


//business-finance.news-articles.net/content/201 .. will-legal-proceedings-settlement-agreement.html
Published in Business and Finance on Friday, October 12th 2012 at 4:01 GMT by Market Wire   Print publication without navigation


AmBase Announces Court of Federal Claims Approval of the Supervisory Goodwill Legal... -- GREENWICH, Conn., Oct. 12, 2012 /PRNewswire/ --

GREENWICH, Conn., Oct. 12, 2012 /PRNewswire/ -- AmBase Corporation ("AmBase" or the "Company") (OTC: ABCP) is pleased to announce that on October 11, 2012 , the United States Court of Federal Claims ("Court of Federal Claims") issued an order approving the previously announced settlement agreement in the Supervisory Goodwill legal proceedings between AmBase, the Federal Deposit Insurance Corporation-Receiver ("FDIC-R") and the Department of Justice ("DOJ") on behalf of the United States of America (the "United States") (the "Settlement Agreement").  Pursuant to the Settlement Agreement, within ten (10) business days of the Court of Federal Claims' order, the United States is required to remit $180,650,000 (one hundred eighty million, six hundred fifty thousand dollars ) directly to AmBase. 

SOURCE AmBase Corporation




Publication Contributing Sources