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Wisconsin Court of Appeals Confirms Validity of, Approves Rehabilitation Plan of Segregated Account of Ambac Assurance

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Ambac Assurance Corporation (NASDAQ: AMBC) today announced that the Wisconsin Court of Appeals has affirmed orders of the Circuit Court for Dane County, Wisconsin confirming the validity of, and approving the rehabilitation plan of the Segregated Account of Ambac Assurance, together with certain other related court orders of the Rehabilitation Court.

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