Glancy prongay & murray commences investigation on behalf of ambac financial group, inc. investors

Los angeles--(business wire)--glancy prongay & murray llp (“gpm”) announces an investigation on behalf of investors of ambac financial group, inc. ("ambac" or the "company") (nasdaq: ambc) concerning the company and its officers’ possible violations of federal securities laws. gpm is preparing a lawsuit on behalf of injured investors. ambac is a financial services company, and unbeknownst to investors prior to certain recent disclosures, the company has very high exposure to the puerto rican bond market. on june 29, 2015, puerto rico's governor announced that puerto rico would likely default on upcoming interest payments on puerto rico’s $70 billion debt. the governor's announcement highlighted ambac's vulnerability and potential liability for up to $2.5 billion of the puerto rican debt ambac insures. on this news, ambac stock fell over 28% on july 1, 2015. if you purchased ambac securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact lesley portnoy, esquire, of gpm, 1925 century park east, suite 2100, los angeles, california 90067 at 310-201-9150, toll-free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. if you inquire by email please include your mailing address, telephone number and number of shares purchased. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
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