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File #: 170644    Version: 1 Name: Settlement of Lawsuit - Ambac Assurance Corp. and Ambac Financial Group Inc. - City to Receive $679,202
Type: Ordinance Status: Passed
Introduced: 6/6/2017 In control: Clerk of the Board
On agenda: 6/6/2017 Final action: 7/21/2017
Enactment date: 7/21/2017 Enactment #: 149-17
Title: Ordinance authorizing a settlement of the lawsuit filed by the City and County of San Francisco against Ambac Assurance Corp. and its affiliate, Ambac Financial Group Inc. for $679,202; the lawsuit was filed on October 8, 2008, in San Francisco Superior Court, Case No. CGC-08-480708; entitled City and County of San Francisco v. Ambac Financial Group Inc., et al.; the lawsuit involves breach of contract, fraud and antitrust claims against bond insurance companies; this partial settlement applies only to claims against the two Ambac entities.
Attachments: 1. Leg Ver1, 2. Comm Pkt 062117, 3. Board Pkt 062717, 4. Board Pkt 071117, 5. Leg Final
Legislation Details
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