Ambac Assurance Corporation
Published on:
October 27, 2021
Committee:
Court:
Puerto Rico Appeals Court
Amicus Issue:
Whether plaintiffs claim that they reasonably relied upon the due diligence conducted by underwriters, where underwriters included standard industry disclaimers to the effect that underwriters do not guarantee the accuracy or completeness of the information in the offering documents, can survive a motion to dismiss.
Counsel of Record:
Orrick, Herrington & Sutcliffe LLP
Richard A. Jacobsen
Daniel A. Rubens
Siobhan Atkins
Other Amici:
None.
See also: FGIC