Judge Delivers Clarity In Ambac RMBS Suit Against US Bank
By Grace Dixon ( September 22, 2023, 6:36 PM EDT) -- A New York federal judge is allowing Ambac to press forward with litigation over losses incurred when several residential mortgage-backed securities trusts faltered during the financial crisis, in a ruling this week that weighed a key element of the contract dispute over who should bear the financial burden of some $340 million in damages....
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