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Ambac Finalizes Bond Settlement Ahead Of Detroit Plan Trial

By Andrew Scurria ( July 25, 2014, 2:11 PM EDT) -- Bond insurer Ambac Assurance Corp. on Friday unveiled details of a settlement with Detroit over the bankrupt city's treatment of limited tax-general obligation bonds, reporting it will see a minimum 34 percent recovery that could rise if the city successfully voids a disputed $1.5 billion borrowing....

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