AMBC Stock Recent News

Ambac Financial Group, Inc. (NYSE:AMBC ) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Charles Sebaski - Head, Investor Relations Claude LeBlanc - President and Chief Executive Officer David Trick - Chief Financial Officer Conference Call Participants Dennis Chua - Repertoire Partners Richard Burns - Private Investor Giuliano Bologna - Compass Point Geoffrey Dunn - Dowling & Partners Operator Greetings and welcome to the Ambac Financial Group, Inc. Third Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Source: Shutterstock At long last, Ambac Financial Group's (NYSE: AMBC ) ongoing legal battle with Bank of America (NYSE: BAC ) has come to a resolution. Apparently, Ambac had brought litigation against Bank of America due to issues related to the 2008 mortgage market crash.

Ambac Financial Group Inc (NYSE:AMBC) stock is surging today, after news that the insurance name has reached a settlement with Bank of America (BAC) for $1.84 billion.

Ambac Financial and Bank of America have resolved longstanding litigation related to residential mortgage-backed securities with a $1.84 billion settlement.

Ambac Financial Group Inc. AMBC, +0.86% said Wednesday it's pleased with a decision by the Supreme Court of the State of New York's to allow its 2014 fraud lawsuit against Countrywide and Bank of America Corp. BAC, +0.56% to go forward to trial in front of a jury. The court denied Countrywide's motion for summary judgment in the case: Ambac Assurance Corp. vs.

Ambac Financial Group, Inc. (NYSE:AMBC ) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Charles Sebaski - Head of Investor Relation Claude LeBlanc - Chief Executive Officer David Trick - Chief Financial Officer Conference Call Participants Operator Greetings, and welcome to Ambac Financial Group, Inc. Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Ambac Financial Group, Inc. (NYSE:AMBC ) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET Company Participants Charles Sebaski - Head of Investor Relation Claude LeBlanc - President & Chief Executive Officer David Trick - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants David Belport - Wells Fargo Advisors Operator Greetings and welcome to Ambac Financial Group, Inc. First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.