Monday, Ambac(ABKFQ) will seek the Manhattan bankruptcy court's permission to pay $101.9 million to resolve claims brought by the Internal Revenue Service tied to its treatment of credit-default swaps.
If approved, the deal could clear the way for the bond insurer to emerge from the Chapter 11 case it filed in November 2010. Ambac won confirmation of its bankruptcy-exit plan more than a year ago, but it hasn't been able to emerge yet.
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