Wisconsin Appeals Court Rejects Bondholders’ Motion for Injunction in Ambac Rescue Case
June 4, 2010
A group of investors that own residential MBS lost its bid again this week to stop a proposed settlement agreement between Ambac Assurance Corp. and a group of 17 banks after a Wisconsin appeals court rejected the investors’ motion. The ruling by Judge Paul Higginbotham of the Wisconsin Court of Appeals, District IV, in Sean Dilweg v. Wells Fargo Bank...