City and County of San Francisco - File #: 170644

• 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.

Date	Ver.	Action By	Action	Result
7/21/2017	1	Mayor	APPROVED
7/11/2017	1	Board of Supervisors	FINALLY PASSED	Pass
6/27/2017	1	Board of Supervisors	PASSED ON FIRST READING	Pass
6/21/2017	1	Government Audit and Oversight Committee	RECOMMENDED	Pass
6/6/2017	1	President	RECEIVED AND ASSIGNED
5/19/2017	1	Clerk of the Board	RECEIVED FROM DEPARTMENT