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This information is provided solely to assist analysts and others in gaining a better understanding of Ambac Assurance's Consumer Asset-Backed Group's financial guarantee exposure*.Internal Ambac credit ratings are provided solely to indicate the underlying credit quality of guaranteed obligations based on the view of Ambac Assurance.Education Northeastern University School of Law, J. B., with honors, 1985 Admissions to Practice Delaware New York Massachusetts United States Court of Appeals for the Third Circuit Memberships, Associations & Professional Activities American Bankruptcy Institute Delaware State Bar Association Delaware Bankruptcy American Inn of Court Delaware State Bar Association Bankruptcy Section, Vice Chair (Commercial Section), 2011 Delaware State Bar Association Bankruptcy Section, Secretary, 2010 Steering Committee Delaware Views from the Bench, Co-sponsored by American Bankruptcy Institute and Delaware State Bar Association Bankruptcy Section, Chair, 2011 Steering Committee Delaware Views from the Bench, Co-sponsored by American Bankruptcy Institute and Delaware State Bar Association Bankruptcy Section, Member, 2008 Coalition for Bankruptcy Fairness LLC, Founding Member & Manager, 2011 Awards Leading Lawyer in Bankruptcy/Restructuring – Delaware Chambers USA – 2005-2017; Band 1 2010-2017 Best Lawyers® 2010-2017 Publications American Bankruptcy Institute Journal December 2016: Be Careful What You Settle For: American Bankruptcy Institute Mid-Atlantic Bankruptcy Workshop September 2012, Co-Authored: Responses to Stern v. Computers, LLC (Special Counsel) Orion Refining Corporation (Special Counsel) Pecus ARG Enterprises, Inc. Tri-Valley Corporation Official and Unofficial Committees: Arcadia Energy Astro Power, Inc. (Largest Unsecured Creditor) Trico Steel (Secured Lender) W. Marshall – Amending Standing Orders of Reference and Local Rules American Bankruptcy Institute 22nd Annual Winter Leadership Conference December 2010, Selected Landlord Issues in Restaurant Reorganizations American Bankruptcy Institute Journal June 2009, Co-Authored with Douglas E. (Black Angus Steakhouse) Plassein International Corp.

Currently lead trial counsel for the post-confirmation Syntax/Brillian Corporation Liquidating Trust arising out of this former publicly traded HDTV television manufacturer's losses in the hundreds of millions of dollars.He successfully argued in the New York State Court of Appeals over ownership of a security deposit.He actively participated in a trial in which the court approved the reorganization of Home Holdings, Inc., and in a bankruptcy proceeding in the District of New Jersey in which the Bankruptcy Court approved a plan of reorganization proposed by a major creditor. Berman helped defend against an action seeking to enjoin an offering of stock of NASDAQ.Deutsch: Building Blocks: An Introduction to Local Bankruptcy Rules American Bankruptcy Institute 4th Annual Mid-Atlantic Bankruptcy Workshop July 2008: Anything But Bankruptcy! (American Laser Centers) Brookstone Holdings Blackstone Technology Group CLA Hold LLC, et al. – Revisited: Nonbankruptcy Alternatives American Bankruptcy Institute Mid-Atlantic Bankruptcy Workshop July 2006: Report from the Front: Creditor Committees after Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 Panelist Bankruptcy Track: Current Issues in Bankruptcy law, Federal Bar Association for The District of Delaware 2016 Bench and Bar Conference Crossing the T’s and Dotting the I’s: Documenting the Settlement Agreement, American Bankruptcy Institute 2014 Winter Leadership Conference Responses to Stern v. CLARK Material Handling Company Cognistar Corporation HA-LO Industries, Inc. Complex & High Stakes Litigation Antitrust Currently lead trial counsel for the post-confirmation Syntax/Brillian Corporation Liquidating Trust arising out of this former publicly traded HDTV television manufacturer's losses in the hundreds of millions of dollars.