NEW YORK, June 30, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Ambac Financial Group, Inc. ("Ambac" or the "Company") (NASDAQ: AMBC). Such investors are advised to contact Peretz Bronstein or his investor relations analyst, Yael Hurwitz at firstname.lastname@example.org or 212-697-6484.
The investigation concerns whether Ambac and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On June 29, 2015, the governor of Puerto Rico stated that the island's debt of over $70 million was "not payable" and Puerto Rico would soon be unable to pay its upcoming interest payments. This declaration exposed Ambac's potential liability of up to $2.5 billion of the Commonwealth's debt it insures. Following this news, Ambac dropped $6.47 per share or 28.9%, on July 1, 2015.
If you purchased Ambac shares or if you are aware of any facts relating to this investigation, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/#!ambc/u06xx. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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