Ambac Financial Group Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that the consolidated suit captioned In re Ambac Financial Group, Inc. Shareholder Derivative Litigation, Consolidated Index No. 650050/2008E remains…
Ambac Financial Group Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that the consolidated suit captioned In re Ambac Financial Group, Inc. Shareholders Derivative Litigation, Consolidated C.A. No. 3521 remains…
Ambac Financial Group Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that a motion to dismiss an amended complaint captioned In re Ambac Financial Group, Inc. Derivative Litigation, Lead Case…
Ambac Financial Group Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that on October 14, 2010, the U.S. District Court for the Eastern District of Louisiana dismissed the suit captioned…
Syncora Holdings Ltd. continues to face lawsuits filed in the state courts in California over violations of California state antitrust laws and state common laws.
in July 2008, two lawsuits, City of Los Angeles v. Bank of America, N.A. et…
Ambac Financial Group, Inc. is facing lawsuits filed by the City of Los Angeles, Calif., and the City of Stockton, Calif.
The complaints make allegations similar to shareholder derivative actions filed in New York and Delaware, including:
— The Company and the…
Various shareholder derivative actions have been filed against certain present and former officers and directors of Ambac Financial Group, Inc. and the Company, as a nominal defendant.
The suits, which are brought purportedly on behalf of the Company, are in many…
Ambac Financial Group, Inc. continues to cooperate with the probes of the Securities Division of the Office of the Secretary of the Commonwealth of Massachusetts and the Office of the Attorney General, State of Connecticut.
The Company has received various regulatory…
Ambac Financial Group, Inc. is a defendant in a lawsuit filed by the City of New Orleans in connection with its participation in a New Orleans bond issue.
New Orleans issued variable rate demand bonds (VRDBs), which were insured by Company…