170644
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.
- Committee
- Clerk of the Board
- Requested by
- City Attorney
- Introduced
- June 6, 2017
- On agenda
- June 6, 2017
- Passed
- July 21, 2017
- Enacted
- July 21, 2017
- Enactment no.
- 149-17
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