Violation Tracker Individual Record
Company:Ambac Financial Group et al.
Date:April 9, 2013
Offense Group:financial offenses
Primary Offense:toxic securities abuses
Bankruptcy court settlement of a dispute arising out of the tax accounting methods used by AMBAC to account for the credit default swap contract losses it purportedly sustained in the wake of the 2008 financial crisis.
Level of Government:federal
Action Type:agency action
Agency:U.S. Attorney-Southern District of New York
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:New York
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:financial services
Source of Data:
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