October 15, 2010
A federal judge has tossed the city of New Orleans' claims against Ambac Assurance Corp. in a suit alleging the insurer's failure to maintain a high financial rating cost the city interest on a $171 million bond issue to fund firefighter pensions.
February 03, 2010
Bond insurer Ambac Assurance Corp. has asked a court to throw out a case brought by the city of New Orleans, which alleges that the insurer’s failure to maintain a high financial rating cost the city unexpected interest on a $171 million bond issue intended to fund firefighter pensions.