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BAC - Ambac gains 2.6% after appellate court win in BofA suit
Bank of America Corporation
Ambac Financial (NASDAQ:AMBC) advances 2.6% after New York state's court of appeals issued a ruling that preserves Ambac's breach of contract and fraudulent inducement claims against Countrywide/Bank of America (BAC-1%) and eliminates a jury trial in favor of a bench trial for the Bank of America claims.
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