Ambac Looks To Clear $33M Deal By Nixing Investor Claims

By Zach Winnick ( September 6, 2011, 6:03 PM EDT) -- Ambac Financial Group Inc. on Tuesday asked a New York bankruptcy judge to bar shareholder claims to clear the path for a $33 million class action settlement with creditors accusing the bond insurer of lying about the perils of backing risky structured finance products....

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