Court Grants Preliminary Approval To $2.55 Million Proposed Settlement With Defendants In Ambac Erisa Litigation

The Court has granted preliminary approval to the proposed settlement of $2.55 million in Veera v. Ambac Plan Administrative Committee, et al., 10-cv-4191 (HB) (S.D.N.Y).  In his class action complaint, Plaintiff Veera brought a lawsuit against the fiduciaries of the Ambac Financial Group, Inc. Savings Incentive Plan (“Plan”) in connection with the losses suffered by more »