Ambac To Settle Securities Suits

10 May 2011

Ambac Financial Group and its insurers have agreed to pay $27.1 million to settle charges by investors that it concealed the subprime mortgage involvement of its bond-insurance business and raised the prices of its securities by providing the market with allegedly misleading information.

Ambac Financial Group and its insurers have agreed to pay $27.1 million to settle charges by investors that it concealed the subprime mortgage involvement of its bond-insurance business and raised the prices of its securities by providing the market with allegedly misleading information. Without admitting or denying the ...

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