Ambac, US Name Mediator In $700M Tax Dispute
By Martin Bricketto ( March 21, 2011, 5:11 PM EDT) -- The U.S. government and Ambac Financial Group Inc. told a New York bankruptcy court Friday that they've tapped a former federal judge to mediate competing claims over $700 million in tax liabilities the bankrupt insurer wants to shield from the U.S. Internal Revenue Service....
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