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Ambac Investor Asserts Right To Challenge $33M Settlement

By Juan-Carlos Rodriguez ( June 8, 2012, 9:37 PM EDT) -- The Police and Fire Retirement System of the City of Detroit on Thursday fired back at bankrupt Ambac Financial Group Inc., countering the bond insurer's argument that the pension fund can't appeal a $33 million settlement because it has no financial stake in the outcome....

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