Bloomberg News

Ambac’s $27.1 Million Class-Action Settlement Approved by Judge

December 30, 2011

Dec. 29 (Bloomberg) -- A district judge affirmed a lower court approval of Ambac Financial Group Inc.’s $27.1 million settlement of a class-action lawsuit, according to a court filing. The Police and Fire Retirement System of Detroit had challenged the bankruptcy judge’s approval of the deal.

To contact the reporter on this story: Linda Sandler in New York at

To contact the editor responsible for this story: Mary Romano at

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