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Wilbush et al v. Ambac Financial Group, Inc. et al
Case Number:
1:16-cv-05076
See also:
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 05, 2017
Ambac Shareholder Suit Over Puerto Rico Bonds Dismissed
Ambac Financial Group Inc. was cut loose Tuesday from a proposed class action accusing the bond insurer and its executives of misleading investors about its $2.5 billion Puerto Rican bond portfolio and exposure to losses, with a New York federal judge finding no alleged signs of intentional fraud or concealment.
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April 27, 2017
Investors Say Ambac Can't Shed Puerto Rican Bonds Suit
Investors accusing Ambac Financial Group Inc. of misleading them about its $2.5 billion Puerto Rican bond portfolio have asked a New York federal court to keep their proposed class action alive, saying Tuesday that the bond insurer's cautionary statements were too boilerplate to protect it from liability.
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June 29, 2016
Ambac Sued Over $2.5B Puerto Rico Bonds, Other Investments
An investor hit Ambac Financial Group Inc. with a proposed class action in New York federal court on Tuesday, accusing the bond holder and its executives of misleading investors about its public finance bond portfolio including $2.5 billion in Puerto Rican bonds, saying the company failed to disclose its true loss exposure.