Ambac Ch. 11 Plan OK'd With No Shareholder Recovery

By Lisa Uhlman · March 14, 2012, 7:39 PM EDT

Commending the parties' "herculean efforts," a New York bankruptcy judge on Wednesday confirmed an Ambac Financial Group Inc. Chapter 11 plan that will restructure $1.7 billion in debt, though she expressed...

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Case Information

Case Title

Ambac Financial Group, Inc.

Case Number

1:10-bk-15973

Court

New York Southern

Nature of Suit

Date Filed

November 08, 2010