Faruqi & Faruqi, LLP Launches an Investigation against Ambac Financial Group
(AMBC) for Potential Breaches of Fiduciary Duties by Its Board of Directors
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Ambac Financial Group
NEW YORK -- November 14, 2013
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating the Board of
Directors of Ambac Financial Group (“Ambac” or the “Company”) (NasdaqGS:AMBC)
for potential breaches of fiduciary duties in connection with their conduct in
seeking shareholders’ approval for Ambac’s 2013 Incentive Compensation Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities
and Exchange Commission on November 8, 2013, the Board of Directors recommends
that Ambac’s shareholders vote to approve an amendment to the 2013 Incentive
Compensation Plan to increase the number of shares issuable under the plan by
up to 4,000,000. The issuance of the additional shares could have a
substantial dilutive effect on the shares of Ambac common stock.
Request more information now by clicking here: www.faruqilaw.com/AMBC. There
is no cost or obligation to you.
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If you own common stock in Ambac and wish to obtain additional information and
protect your investments free of charge, please visit us at
www.faruqilaw.com/AMBC or contact Juan E. Monteverde, Esq. either via e-mail
at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212)
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Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: 877-247-4292
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