In re: Ambac

CONCLUDED

Hearing
09/24/08 – 09/24/08

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Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2

Summary

On February 13, 2008, Kohn, Swift, & Graf, P.C. filed a derivative action in the Court of Chancery of the State of Delaware on behalf of nominal defendant Ambac Financial Group, Inc. (“Ambac” or the “Company”) against certain of its directors and officers for breach of their fiduciary duties to the Company. The relevant time period for the derivative action is from October 19, 2005 through February 13, 2008.

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