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Faruqi & Faruqi, LLP Launches an Investigation against Ambac Financial Group (AMBC) for Potential Breaches of Fiduciary Duties

  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

Business Wire

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.

Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm’s clients. To keep track of the
latest securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

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 jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212)
983-9330.

Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible
for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior
results do not guarantee or predict a similar outcome with respect to any
future matter. We are happy to discuss your particular case.

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: 877-247-4292
Phone: 212-983-9330
 
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