Ambac Financial Group, Inc.

  1. September 06, 2011

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

    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.

  2. September 02, 2011

    Ambac Settles NYC's $117M Tax Claim For $3.2M

    Bankrupt Ambac Financial Group Inc. on Thursday settled for $3.2 million New York City's nearly $117 million tax claim against it, clearing a critical roadblock in the way of the bond insurance holding company's reorganization efforts.

  3. August 10, 2011

    Ambac Gets More Time To Negotiate With Tax Creditors

    A New York bankruptcy judge on Wednesday gave bond insurance holding company Ambac Financial Group Inc. more time to submit a restructuring plan as it tries to negotiate settlements for nearly $1 billion in mostly tax-related claims.

  4. July 19, 2011

    Ambac Wins OK For $33M Payout In Securities Actions

    Ambac Financial Group Inc. on Tuesday won approval from a New York bankruptcy judge to settle for $33 million two securities class actions and derivative suits accusing the bond insurer of lying about the perils of backing risky structured finance products.

  5. June 16, 2011

    Ambac Fights To Nix IRS' $807M Tax Claim

    Ambac Financial Group Inc. fought back Tuesday in New York bankruptcy court against the Internal Revenue Service's $807 million claim for taxes and interest, saying the underlying tax refunds the IRS wants back were properly awarded to the bankrupt bond insurer.

  6. May 24, 2011

    Ambac Fights $116M NYC Tax Bill

    Ambac Financial Group Inc. objected in New York bankruptcy court Monday to the City of New York Department of Finance's $116.8 million claim for taxes and interest, deeming its treatment of the bankrupt bond insurer's income illogical.