Keller Rohrback L.L.P. Announces ERISA Investigation of the Ambac Financial Group, Inc. Savings Incentive Plan
23 Gennaio 2008 - 1:28AM
PR Newswire (US)
SEATTLE, Jan. 22 /PRNewswire/ -- Attorney Advertising. Keller
Rohrback L.L.P. (http://www.erisafraud.com/) announces that it has
commenced an investigation into Ambac Financial Group, Inc.
("Ambac" or the "Company") (NYSE:ABK) for potential violations of
the Employee Retirement Income Security Act of 1974 ("ERISA"). The
investigation focuses on investments in Ambac stock by the Ambac
Financial Group, Inc. Savings Incentive Plan (the "Plan"). Keller
Rohrback's investigation involves concerns that Ambac and other
administrators of the Plan may have breached their ERISA-mandated
fiduciary duties of loyalty and prudence to participants and
beneficiaries of the Plan. A breach may have occurred if the
fiduciaries failed to manage the assets of the Plan prudently and
loyally by investing the assets in Company stock when it was no
longer a prudent investment for participants' retirement savings.
If you are a member of the Ambac Financial Group, Inc. Savings
Incentive Plan and purchased or held Ambac stock in the Plan, you
may contact paralegal Jennifer Tuato'o or attorneys Tyler Farmer,
Derek Loeser or Lynn Sarko toll free at 800/776-6044, or via e-mail
at . Keller Rohrback is one of America's leading law firms handling
ERISA retirement plan litigation. We are committed to helping
employees and retirees protect their retirement savings. Keller
Rohrback serves as lead and co-lead counsel in numerous ERISA class
action cases, including cases against Enron, WorldCom, Inc.,
HealthSouth, and Marsh & McLennan Companies, as well as ERISA
cash balance pension plan cases, including JPMorgan Chase & Co.
Keller Rohrback has successfully provided class action
representation for over a decade. Its trial lawyers have obtained
judgments and settlements on behalf of clients in excess of seven
billion dollars. CONTACT: Keller Rohrback L.L.P. Jennifer Tuato'o
Paralegal 800/776-6044 http://www.erisafraud.com/ Attorney
Advertising. Prior Results Do Not Guarantee A Similar Outcome.
DATASOURCE: Keller Rohrback L.L.P. CONTACT: Jennifer Tuato'o,
Paralegal of Keller Rohrback L.L.P., 1-800-776-6044, Web site:
http://www.kellerrohrback.com/ http://www.seattleclassaction.com/
http://www.erisafraud.com/
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