Ambac Financial Group, Inc. Information Request Form

The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Ambac Financial Group, Inc. (NASDAQ: AMBC) securities between November 13, 2013 and June 30, 2015.

According to the complaint, throughout the Class Period, Ambac made materially false and misleading statements and omitted material facts concerning the Company’s losses and loss exposure on its public finance bond portfolio, risk management, and internal controls. The complaint further alleges that these misstatements allowed the stock to trade at artificially inflated prices throughout the Class Period. Following the June 29, 2015 revelation that Puerto Rico would likely default on upcoming interest payments, and that as a result, Ambac was potentially liable for up to $2.5 billion worth of Commonwealth debt the Company insured, Ambac stock fell approximately 29%, causing investors substantial losses. Then on May 11, 2016, Ambac admitted in an SEC filing that management “had identified a material weakness in its internal control over financial reporting.”

If you suffered a loss in Ambac you have until August 29, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

To receive more information, please fill out the form.

Request More Information

The Law Offices of Vincent Wong do not share your information with others. There is no cost or obligation.

This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

This letter confirms that you have retained The Law Offices of Vincent Wong to represent you as a named plaintiff in a shareholder action involving Ambac Financial Group, Inc.

We agree to advance all expenses in the litigation, which means that you are not liable to pay any of the expenses of the lawsuit, whether attorneys' fees or costs. Regardless of the result, we will never ask you to directly pay for any attorneys' fees or costs. Should we obtain a favorable result, we may ask the court to award us compensation to be paid by the defendants or as a portion of any class benefit, but, again, we will never ask you to directly pay any of the costs of this litigation.

As the client you are entitled to direct the litigation in any way you deem proper, and may at any time order us to dismiss the case or opt-out. Should you choose to do so, we will never ask you to reimburse us directly for any legal fees or expenses. During the course of this litigation, we may employ and/or work with other law firms to prosecute your case.

We look forward to representing you and other Ambac Financial Group, Inc. shareholders.


The Law Offices of Vincent Wong

Vincent Wong

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