May 16, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) shares over potential securities laws violations by Ambac Financial Group, Inc. and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) concerning whether a series of statements by Ambac Financial Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made. According to the investigation in the past few months a growing number of shareholders have criticized Ambacs Board and management suggesting that they are diminishing shareholder value by, among other things, providing exorbitant compensation packages for the Companys CEO Nader Tavakoli, and the members of the Board despite the Companys flagging stock price and lack of direction.

Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) reported that its annual Total Revenue rose from $354.46 million in 2014 to $670.329 million in 2015 and that its Net Income increased from $484.07 million to $493.40 million in 2015.

Shares of Ambac Financial Group, Inc. (OTCMKTS:ABKFQ) closed on May 3, 2016 at $20.40 per share,