Ambac Comes Out of Bankruptcy, Says All Allowed Claims of Former Creditors Discharged

Ambac Financial Group, Inc. (NYSE: AMBC ) announced today the effectiveness of its Second Modified Fifth Amended Plan of Reorganization (the “Plan”), which marks the completion of its financial restructuring and Ambac's emergence from Chapter 11 bankruptcy protection. “I would like thank all of those who dedicated so much time and effort, including