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Financial guaranty
The New York Supreme Court ruled that Ambac Financial Group Inc.'s fraud case against Countrywide Home Loans Inc., Countrywide Securities Corp., Countrywide Financial Corp. and Bank of America Corp. can go to trial in front of a jury. Ambac is seeking to recover "hundreds of millions of dollars in losses" as well as punitive damages.
Life and health
Abacus Settlements LLC, which does business as Abacus Life, confirmed reports that it will go public following a pending merger with Longevity...