Financial Security Assurance Antitrust Actions

Representing Financial Security Assurance Inc. ("FSA") in a series of cases brought by various municipal bond issuers alleging that FSA and a number of other municipal bond insurer defendants illegally agreed and conspired to artificially inflate the prices of municipal bond insurance in violation of the antitrust laws.  Sacramento Municipal Utility District v. Ambac Financial Group, Inc. et al.; City of Los Angeles Dept. of Water & Power v. Ambac Financial Group, Inc. et al.; and City of Sacramento v. Ambac Financial Group, Inc., et al.