November 18, 2013 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) was announced concerning whether certain Ambac Financial Groupofficers and directors possibly breached their fiduciary duties in connection with certain statements.

The investigation by a law firm concerns whether certain Ambac Financial Group officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders' approval for Ambac's 2013 Incentive Compensation Plan.

In the Proxy Statement filed by Ambac Financial Group, Inc. with the Securities and Exchange Commission the Board of Directors recommends that Ambac Financial Group's shareholders vote to approve an amendment to the 2013 Incentive Compensation Plan to increase the number of shares issuable under the plan by up to 4,000,000.

According to the investigation the issuance of the additional shares could have a severe dilutive effect on the shares of Ambac Financial Group.

Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) reported that its annual Total Revenue rose from $295.76 million in 2011 to $685.69 million in 2012 and that its respective Net Loss declined from over $1.96 billion to $256.68 million.