Mealey's Bankruptcy - Bond Insurer Ambac: Detroit's Discovery Requests 'Simply Have No Applicability'

DETROIT - Ambac Assurance Corp. on May 6 filed a brief in the U.S. Bankruptcy Court for the Eastern District of Michigan objecting to discovery requests made by the bankrupt City of Detroit on grounds that they "simply have no applicability" to it as a bond insurer (In Re: City of Detroit, No. 13-53846, Chapter 9, E.D. Mich. Bkcy.).

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