Investor notice: goldberg law pc announces securities class action lawsuit against ambac financial group, inc. and encourages investors with losses to contact the firm

Los angeles--(business wire)--goldberg law pc (www.goldberglawpc.com) announces that a class action lawsuit has been filed against ambac financial group, inc. (“ambac” or the “company”) (nasdaq: ambc). investors who purchased or otherwise acquired shares between november 13, 2013 and june 30, 2015 (the “class period”) are encouraged to contact the firm in advance of the august 29, 2016 lead plaintiff motion deadline. if you are a shareholder who suffered a loss during the class period, click here to participate. in addition, we advise you to contact michael goldberg or brian schall, of goldberg law pc, 1999 avenue of the stars, suite 1100, los angeles, ca 90067, at 800-977-7401, to discuss your rights without cost to you. you can also reach us through the firm’s website at http://www.goldberglawpc.com, or by email at info@goldberglawpc.com. the class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. if you choose to take no action, you can remain an absent class member. according to the complaint, throughout the class period, the company issued false and misleading statements to investors and/or failed to disclose that: ambac had far greater losses and loss exposure to anticipated defaults in its public finance bond portfolio than it had previously disclosed; ambac’s credit risk surveillance strategies were inadequate; the company failed to implement mitigation strategies to stabilize the residual value of its financial guarantee business; the company failed to maintain adequate internal controls over financial reporting; and as a result of the above, ambac’s financial condition was much worse than represented. when this information was revealed to the market, the stock price fell. goldberg law pc represents shareholders around the world and specializes in securities class actions and shareholder rights litigation. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
AMBC Ratings Summary
AMBC Quant Ranking