Ambac Financial Group’s regulator won support from Dunkin Brands, Sonic Corp. and Hertz Corp. as he seeks to overcome objections from some of the insurer’s clients to his plan to rehabilitate the bond guarantor. Executives of donut retailer Dunkin Brands, drive-in restaurateur Sonic and car-rental firm Hertz, which issued bonds insured by Ambac, filed affidavits in support of Wisconsin Insurance Commissioners Sean Dilweg’s motion in state court yesterday opposing the legal bids by two groups of bondholders.
Ambac regulator wins support from Dunkin on plan to pay banks
Most Popular Articles
Latest Articles
2024 is not the year to cut corners on staging — here’s why
With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.