Ambac Set To Exit Bankruptcy After $102M IRS Deal Gets Nod
By Maria Chutchian ( April 29, 2013, 1:57 PM EDT) -- Ambac Financial Group Inc. is set to exit bankruptcy within days thanks to a judge's approval Monday of a $101.9 million settlement with the Internal Revenue Service to end a dispute over tax liabilities from certain contracts Ambac signed years ago....
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