Ambac: An Investor’s Lifeline

Law360, New York (August 15, 2011, 2:00 PM EDT) -- With the country still reeling from the subprime debacle, investors in securities backed by or derived from such assets, as well as their insurers and guarantors, have learned some hard lessons — especially regarding the risks attendant to investing in even highly rated securities when the protections that appeared to be ironclad are exposed as illusory.

With the fallout continuing to this day as courts grapple with claims by and among the various participants in this collapsed pyramid scheme, one particularly helpful lesson comes from a...
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