San Diego, CA -- (SBWire) -- 05/16/2016 --An investigation on behalf of investors of Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) shares over potential securities laws violations in connection certain financial statements was announced.
Investors who purchased shares of Ambac Financial Group, Inc. (OTCMKTS:ABKFQ), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) concerning whether certain statements regarding Ambac Financial Group's business, its prospects and its operations were materially false and misleading at the time they were made. According to the investigation in the past few months a growing number of shareholders have criticized Ambac's Board and management suggesting that they are diminishing shareholder value by, among other things, providing exorbitant compensation packages for the Company's CEO Nader Tavakoli, and the members of the Board despite the Company's flagging stock price and lack of direction.
New York based Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) reported that its annual Total Revenue rose from $354.46 million in 2014 to $670.329 million in 2015 and that its Net Income increased from $484.07 million to $493.40 million in 2015.
Shares of Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) closed on May 3, 2016 at $20.40 per share,
Those who purchased shares of Ambac Financial Group, Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Investigation for Investors in Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) over Possible Violations of Securities Laws
An investigation for investors in Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) shares over potential securities laws violations by Ambac Financial Group, Inc. was announced and OTCMKTS:ABKFQ stockholders should contact the Shareholders Foundation.