Ambac Appeals Remaining Claims In Shareholder Suit

By James Armstrong

Law360, New York (March 09, 2010, 5:36 PM ET) -- Ambac Financial Group Inc. is appealing a decision by a federal judge in New York to allow a shareholder class action against the bond insurer to go forward, in spite of the fact the judge already pared back some claims relating to a 2008 stock offering.

The company alerted the U.S. District Court for the Southern District of New York on Monday it would appeal Judge Naomi Reice Buchwald's decision to fully dismiss only two of the seven claims against it in pending multidistrict litigation....
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles