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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 17, 2007
AMBASE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-07265 95-2962743
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
100 PUTNAM GREEN, GREENWICH, CT 06830-6027
(Address of principal executive offices, including zip code)
(203) 532-2000
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ]Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ]Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)).
Item 8.01 OTHER EVENTS.
The Company announced that on April 13, 2007, Senior Judge Smith ("Judge Smith")
of the United States Court of Federal Claims (the "Court of Claims" or the
"Court") issued an order scheduling pre-trial, and trial deadlines and dates,
including scheduling a trial to commence on February 11, 2008.
The Court order stated the following:
"Per the status conference held on April 12, 2007, the Court SCHEDULES oral
argument for Wednesday, November 14, 2007 at 2:30 p.m. EST in Courtroom #9, U.S.
Court of Federal Claims, National Courts Building, to decide whether the trial
schedule below can be avoided by summary judgment. The parties are ORDERED to
submit their respective positions with regard to summary judgment, in writing,
on or before October 31, 2007.
The Court SCHEDULES the following pre-trial and trial deadlines and dates:
December 7, 2007 - Parties exchange exhibit and witness lists
December 21, 2007 - Plaintiffs and FDIC-R file Appendix A submissions
January 21, 2008 - Defendant files Appendix A submissions
February 11, 2008 -Trial to commence
The Court furthers SCHEDULES a pretrial conference to be held on Wednesday,
January 30, 2008, at 2:30 p.m. EST, in Courtroom #9, U.S. Court of Federal
Claims, National Courts Building."
The Company can give no assurances regarding, the commencement date of a trial
or the ultimate outcome of the litigation. The Court of Claims opinions in the
Company's case, as well as other decisions in Winstar-related cases are publicly
available on the Court of Claims web site at www.cofc.uscourts.gov. Decisions in
other Winstar-related cases may be relevant to the Company's Supervisory
Goodwill claims, but are not necessarily indicative of the ultimate outcome of
the Company's actions.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMBASE CORPORATION
By: /s/ John P. Ferrara
----------------------------
John P. Ferrara
Vice President and Chief Financial
Officer and Controller
(Principal Financial and Accounting Officer)
Date: April 17, 2007