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Ambac, Underwriters To Settle Class Action For $33M

By Megan Stride ( May 6, 2011, 7:46 PM EDT) -- Ambac Financial Group Inc. and a slew of underwriters agreed Friday to pay $33 million to settle a putative shareholder class action in New York that accused the bankrupt bond insurer of lying about its practice of insuring risky financial products....

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