Relevant:
- Ambac sues U.S., says IRS may ruin bankruptcy
- Ambac shares surge 71% after insurer posts quarterly profit
- Ambac Financial Group Files for Chapter 11 Bankruptcy
- Ambac Does Not Make November 1 Coupon Payment, To File Bankruptcy Within A Month If Unable To Raise Additional Capital
- Ambac Faces 99% Chance of Default as Deadline Looms, Swaps Show
2009-11-11 — creditwritedowns.com
" Bond insurer Ambac Financial has warned bankruptcy is a distinct possibility, sending its shares plummeting more than 30% today."
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