Shareholder Class Action

     Shareholders claim in Manhattan Federal Court that directors of Ambac Financial Group wasted, diverted and misappropriated corporate assets.



Also sued are Ambac officers Michael Callan, John Uhlein, Kevin Doyle, Gregg Bienstock, Thomas Gandolfo, Robert Shoback, Douglas Renfield-Miller, David Wallis, William McKinnon, Sean Leonard, Jill Considine, Laura Unger, Thomas Theobald, Henry Wallace, Philip Duff, Philip Lassiter, Robert Genader, Kathleen McDonough, and W. Grant Gregory.

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