Brower Piven Announces the Filing of a Class Action Lawsuit Against Ambac Financial Group, Inc.
21 Gennaio 2008 - 6:43PM
Marketwired
BALTIMORE, MD (NYSE: ABK) between October 19, 2005 and November
26, 2007, inclusive (the "Class Period").
The complaint alleges that during the Class Period the Company,
and certain of its officers and/or directors, violated federal
securities laws by issuing various materially false and misleading
statements that had the effect of artificially inflating the market
price of the Company's securities and causing Class members to
overpay for the securities.
No class has yet been certified in the above action. If you are
a member of the proposed Class, you may, no later than March 17,
2008, ask the Court to allow you to serve as lead plaintiff for the
proposed Class. To serve as a lead plaintiff, you must satisfy
certain legal requirements. In making your decision, you should
take into account that those with large financial losses resulting
from the alleged federal securities law violations are given
preference in being appointed lead plaintiff.
If you have suffered a net loss for all transactions in Ambac
Financial Group, Inc. securities during the Class Period (including
shares or calls purchased during, but retained after, the Class
Period or put options sold but not covered until after the Class
Period), you may obtain additional information about this lawsuit
and your ability to become a lead plaintiff by contacting Brower
Piven (without obligation or cost to you) at www.browerpiven.com,
by email at hoffman@browerpiven.com, by calling 410-986-0036, or at
Brower Piven, The World Trade Center-Baltimore, 401 East Pratt
Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower
Piven have combined experience in securities and class action
litigation of over 40 years. If you choose to retain counsel, you
may retain Brower Piven, or you may retain other counsel of your
choice.
CONTACT: Brower Piven, A Professional Corporation Baltimore,
Maryland Charles J. Piven 410/986-0036 Email Contact
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