Monterey Bay Military Housing, LLC et al v. Ambac Assurance Corporation et al

  1. November 06, 2025

    Insurer, Former Exec Settle In Military Housing Fraud Case

    Military housing developers alleging that they were defrauded out of millions of dollars through excessive and undisclosed premiums and fees have struck a settlement agreement with two defendants, Ambac Assurance Corp. and its former managing director, Chetan Marfatia, court records show.

  2. August 01, 2024

    Cos., Military Housing Lender Seek Early Wins In Loans Suit

    Developers of military housing and a lender for such housing filed dueling summary judgment motions in New York federal court Wednesday, each seeking a quick win in a suit accusing the lender and others of defrauding the developers of hundreds of millions of dollars in project proceeds.

  3. January 20, 2023

    Court Won't Shield Housing Developers' Talks With Military

    A New York federal magistrate judge has refused to shield communications between military housing developers and the military in a suit alleging the companies were overcharged hundreds of millions of dollars on development loans, saying there was no privilege over those discussions.