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New Orleans City v. AMBAC Assurance Corporation et al
Case Number:
2:08-cv-03949
Court:
Nature of Suit:
Judge:
Firms
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October 15, 2010
Ambac Dismissed From New Orleans Bond Suit
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.
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February 03, 2010
Ambac Wants New Orleans' $171M Bond Suit Tossed
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.