Ambac settles rmbs litigation against nomura

New york--( business wire )--ambac financial group (nyse: ambc), a financial services holding company whose subsidiaries include ambac assurance corporation (“aac”), today announced that on december 29, 2022, aac entered into a settlement agreement and release (the “settlement agreement”) with nomura credit & capital, inc. (“nomura”) to settle its rmbs litigation1 against nomura. as a result, nomura has agreed to pay aac $140 million.
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