Der Film erst beginnt jungs.Abwarten! http://www.reuters.com/article/idCNN0914225020101109?rpc=44 The bond insurer Ambac Financial Group Inc (ABK.N) has sued the United States to block the seizure of $700 million of tax refunds, which it said could destroy its ability to reorganize in bankruptcy court. Ambac, which sought Chapter 11 protection on Monday, said Internal Revenue Service agents were examining whether the refunds were proper and may seek to recoup the refunds taken from 2003 to 2008. Should the IRS take steps to quickly seize the refunds, "Ambac's ability to reorganize successfully will be jeopardized or destroyed," Ambac's lawyer Peter Ivanick wrote. Ambac filed its lawsuit in the U.S. bankruptcy court in Manhattan, where its reorganization was being handled. The New York-based company is seeking a court order declaring it may retain the refunds, among other remedies. An IRS spokesman had no immediate comment. |