In re Ambac Fin. Group, Inc., 2010 U.S. Dist. LEXIS 16701 (S.D.N.Y. February 22, 2010)

In re Ambac Fin. Group, Inc., 2010 U.S. Dist. LEXIS 16701 (S.D.N.Y. February 22, 2010)

LexisNexis Overview: In a securities class action suit, the motion to dismiss under Fed. R. Civ. P. 12(b)(6), filed by the company and its officers, underwriters, and auditors was denied as to most counts because the investors sufficiently pled claims under 15 U.S.C.S. §§ 77k, 77l and 77o, 78j(b), and 78t(a) alleging a lowering of the company's underwriting standards.

Counsel: For Public School Teachers' Pension & Retirement Fund of Chicago, Lead Plaintiff: Aviah Cohen-Pierson, Donald R. Hall, Jr, Frederic Scott Fox, Sr, Hae Sung Nam, Joel B. Strauss, Melinda D. Rodon, LEAD ATTORNEYS, Kaplan Fox & Kilsheimer LLP (NYC), New York, NY; Mark Lebovitch, Steven B. Singer, Gerald Harlan Silk, Kurt Michael Hunciker, Lauren Amy McMillen, Bernstein Litowitz Berger & Grossmann LLP, New York, NY.

For Arkansas Teachers Retirement System, Public Employees' Retirement Systems of Mississippi, Lead Plaintiffs: Steven B. Singer, LEAD ATTORNEY, Bernstein Litowitz Berger & Grossmann LLP, New York, NY.

For Scott Reimer, individually and on behalf of all others similarly situated, Plaintiff: Darren J. Robbins, LEAD ATTORNEY, Coughlin Stoia Geller Rudman & Robbins LLP, San Diego, CA; David Avi Rosenfeld, Samuel Howard Rudman, LEAD ATTORNEYS, Coughlin Stoia Geller Rudman & Robbins, LLP (LI), Melville, NY; David C. Walton, LEAD ATTORNEY, Lerach, Coughlin, Stoia, Geller, Rudman & Robbins, L.L.P., San Diego, CA.

For Marko Babic, Consolidated Plaintiff: Alan Ian Ellman, Andrei V. Rado, Christopher J. Keller, LEAD ATTORNEYS, Labaton Sucharow, LLP, New York, NY.

Kevin Parker, Individually and on behalf of all others similarly situated, Consolidated Plaintiff, Pro se.

For Minneapolis Firefighters' Relief Association, on behalf of itself and all others similarly situated, Consolidated Plaintiff: Donald R. Hall, Jr, Frederic Scott Fox, Sr, Joel B. Strauss, Melinda D. Rodon, LEAD ATTORNEYS, Kaplan Fox & Kilsheimer LLP (NYC), New York, NY.

For Ambac Financial Group, Inc., Robert J Genader, Phillip B Lassiter, Sean T Leonard, Defendants: Peter C Hein, Warren R. Stern, Christopher Lee Wilson, Joshua Arditi Naftalis, Wachtell, Lipton, Rosen & Katz, New York, NY.

For Thomas J Gandolfo, Defendant: Peter C Hein, LEAD ATTORNEY, Warren R. Stern, LEAD ATTORNEY, Joshua Arditi Naftalis, Wachtell, Lipton, Rosen & Katz, New York, NY.

For John W. Uhlein, III, David W. Wallis, Michael A. Callen, Jill M. Considine, W. Grant Gregory, Thomas C. Theobald, Laura S. Unger, Henry Wallace, Philip N. Duff, Defendants: Christopher Lee Wilson, Wachtell, Lipton, Rosen & Katz, New York, NY.

For Banc of America Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities USA LLC, Goldman, Sachs & Co., HSBC Securities (USA) Inc., J.P. Morgan Securities Inc., Keefe, Bruyette & Woods, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC, Wachovia Capital Markets, LLC, Defendants: Brad Scott Karp, LEAD ATTORNEY, Joyce Szuyun Huang, LEAD ATTORNEY, Douglas M. Pravda, Paul, Weiss, Rifkind, Wharton & Garrison LLP (NY), New York, NY; Charles Edward Davidow, LEAD ATTORNEY, Paul, Weiss, Rifkind, Wharton & Garrison, LLP (DC), Washington, DC.

For KPMG LLP, Defendant: Antonio Yanez, Jr, Michael Richard Young, LEAD ATTORNEYS, Willkie Farr & Gallagher LLP (NY), New York, NY.

For Inter-Local Pension Fund GCC/IBT, Movant: Mario Alba, Jr, Coughlin Stoia Geller Rudman & Robbins, LLP (LI), Melville, NY.

For Arkansas Teacher Retirement System, Public Employees' Retirement System of Mississippi, Movant: Aviah Cohen-Pierson, Donald R. Hall, Jr, Frederic Scott Fox, Sr, Hae Sung Nam, Joel B. Strauss, Melinda D. Rodon, LEAD ATTORNEYS, Kaplan Fox & Kilsheimer LLP (NYC), New York, NY; Mark Lebovitch, Steven B. Singer, Gerald Harlan Silk, Kurt Michael Hunciker, Lauren Amy McMillen, Bernstein Litowitz Berger & Grossmann LLP, New York, NY.

For James W. Giddens, as Trustee for the SIPA Liquidation of Lehman Brothers Inc., Trustee: Sarah Loomis Cave, Hughes Hubbard & Reed LLP (NY), New York, NY.

Judges: NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE.

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