1/3/2023
NEW YORK–(BUSINESS WIRE)– Ambac Financial Group (NYSE: AMBC), a financial services holding company whose subsidiaries include Ambac Assurance Corporation (“AAC”), today announced that on December 29, 2022, AAC entered into a Settlement Agreement and Release (the “Settlement Agreement”) with Nomura Credit & Capital, Inc. (“Nomura”) to settle its RMBS litigation1 against Nomura. As a result, Nomura has agreed to pay AAC $140 million.
https://ambac.com/news/news-details/2023/Ambac-Settles-RMBS-Litigation-Against-Nomura/default.aspx
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