2010-11-08yahoo.com

``Ambac Financial Group Inc., a holding company for the bond insurer being restructured by state regulators in Wisconsin, filed for bankruptcy protection to reschedule payments on more than $1 billion in bonds and other claims. The petition for Chapter 11 protection filed in Manhattan today listed assets of $394.5 million and liabilities of $1.68 billion. The Vanguard Group Inc. was listed as the largest shareholder, with 5.46 percent of the company’s stock.''



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