Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.
Continue reading Ambac Sues U.S. Over $700 Million in Tax Returns
Ambac Sues U.S. Over $700 Million in Tax Returns originally appeared on DailyFinance on Tue, 09 Nov 2010 19:15:00.
Filed Under: Company News, Real Estate, Taxes, Credit