Search for: "AMBAC ASSURANCE CORPORATION" Results 1 - 20 of 27
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15 Jan 2020, 3:00 am by Ed. Microjuris.com Puerto Rico
La demanda interpuesta por las aseguradoras Assured y Ambac, entre otras, no será considerada por el más alto foro judicial de Estados Unidos (Washington DC) El Tribunal Supremo de los Estados Unidos se negó este lunes a revisar la demanda presentada por las firmas de bonistas Assured Guaranty Corporation y Ambac Assurance Corporation contra el ... [read post]
12 Jan 2015, 12:32 pm by Paul Rugani
On December 27, Ambac Assurance Corporation filed a complaint against several Countrywide entities and Bank of America Corporation in New York state court, seeking to recover at least $600 million in damages in connection with claims payments Ambac allegedly made under insurance policies it issued on eight RMBS trusts. [read post]
1 Feb 2016, 10:16 am by Katie Lieberg Stowe
On Monday, January 25, 2016, monoline insurer Ambac Assurance Corporation (“Ambac”) reached a $995 million settlement with J.P. [read post]
9 Jul 2018, 2:03 pm by Aaron Rubin
  On June 27, 2018, the New York Court of Appeals ruled that Ambac Assurance Corporation (“Ambac“) could not recover the full $2.2 billion in damages it sought in the form of claim payouts on $25 billion worth of securitized mortgages from Countrywide Home Loans, Inc. [read post]
18 Jun 2018, 2:02 pm by Paul Rugani
  On June 8, 2018, monoline insurer Ambac Assurance Corporation (“Ambac“) filed a complaint in the United States District Court for the Southern District of New York against U.S. [read post]
28 Jan 2008, 7:55 am
And while we here at footnoted always applaud corporate candor, it’s hard to see this as anything other than a tad-too-late attempt to CYA. [read post]
21 Apr 2010, 8:35 pm by Randall Reese
 First, almost immediately after Las Vegas Monorail voluntarily filed for chapter 11 protection, Ambac Assurance Corporation  (later joined by Wells Fargo Bank, N.A.) asked the bankruptcy court to dismiss the chapter 11 case. [read post]
27 Apr 2010, 12:56 am by Randall Reese
This afternoon, bankruptcy judge Bruce Markell of the District of Nevada bankruptcy court entered an opinion denying the motion of Ambac Assurance Company which sought the dismissal of the chapter 11 bankruptcy case of Las Vegas Monorail Company. [read post]
14 Jan 2010, 7:42 pm by Randall Reese
 The issuer's payment of principal and interest on the first tier bonds is insured by Ambac Assurance Company. [read post]
12 Jul 2020, 6:07 pm by Francis Pileggi
Only Wilmington Trust, the “owner trustee” for the National Collegiate funds, had the authority, with the deal also needing the support of note insurer Ambac Assurance Corp. [read post]
22 Feb 2017, 10:30 am by Ed. Microjuris.com Puerto Rico
A su vez, la Junta de Supervisión Fiscal (“Junta”), Ambac Assurance Company (“Ambac”), Fondos de Puerto Rico (“Fondos”) y otros bonistas de COFINA presentaron sendas mociones para intervenir en el litigio. [read post]
7 Aug 2008, 9:15 am
  The bond insurers named in the Complaint are Ambac Financial Group Inc., MBIA Inc., XL Capital Assurance Ltd., ACA Financial Guaranty Corp., Financial Guaranty Insurance Co., and CIFG Assurance NA.According to the Complaint, a copy of which is available here, those bond insurers colluded with ratings agencies so that the ratings agencies would maintain two separate credit rating schemes:  one for corporate issuers and one for public issuers. [read post]
17 Sep 2017, 7:30 pm by Wolfgang Demino
  Ambac Assurance Corporation is expected to issue a note guaranty insurance policy in conjunction with the notes to be issued by each trust. [read post]
15 Apr 2023, 6:00 am by Public Employment Law Press
The omission of similar language with respect to remediation services "must be deemed an intentional choice of the parties" (Ambac Assur. [read post]