DALLAS, Texas, December 7, 2012 – GAINSCO, INC. (the “Company”) (Pink Sheets: GANS) today announced that its board of directors approved a special cash dividend of $1 per share. The special dividend will be payable on December 27, 2012 to shareholders of record on December 18, 2012. The Company believes that, at its current size,…

DALLAS, Texas, May 2, 2012 – GAINSCO, INC. (“GAINSCO” or the “Company”) (Pink Sheets: GANS) today announced that AM. Best, the insurance industry’s principal rating agency, revised its official outlook of GAINSCO’s principal insurance subsidiary, MGA Insurance Company, Inc., to “positive” from “stable.” The new outlook reflects the Company’s continuing improvements in profitable operating results…