BRIEF-Ambac files lawsuit in response to extension by Puerto Rico Highways and Transportation Authority of Concession Agreement

miércoles 11 de mayo de 2016 07:55 GYT

May 11 (Reuters) - Ambac Financial Group Inc

* Ambac assurance filed a lawsuit in response to extension by puerto rico highways and transportation authority of concession agreement

* Complaint alleges breaches of contract and fiduciary duty and seeks appointment of an interim receiver for prhta

* Lawsuit may cause $115 million in value to be extracted and diverted from prhta

* Says in addition, complaint alleges prhta's failure to take advantage of $750 million in federal toll credits Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)