Gardy & Notis, LLP Files Amended Securities Fraud Class Action for Purchasers of Structured Repackaged Asset-Backed Trust Securities, Callable Class A Certificates, Series 2007-1, STRATS(SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1 -- GJW

Gardy & Notis, LLP Files Amended Securities Fraud Class Action for Purchasers of Structured Repackaged Asset-Backed Trust Securities, Callable Class A Certificates, Series 2007-1, STRATS(SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1 -- GJW - 1/21/2009

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2009 News and Press Releases

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News	News 2009
HEADLINES \| SETTLEMENTS AND DISMISSALS \| COURT FILINGS LINKS TO OTHER NEWS \| NEWS ARCHIVE	HEADLINES ARCHIVED SETTLEMENTS AND DISMISSALS ARCHIVED

SETTLEMENT NEWS:

Gardy & Notis, LLP Files Amended Securities Fraud Class Action for Purchasers of Structured Repackaged Asset-Backed Trust Securities, Callable Class A Certificates, Series 2007-1, STRATS(SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1 -- GJW
Staff Writer

GlobeNewswire, Inc.. January 21, 2009
_________________________________________________________________________

EXCERPT: Gardy & Notis, LLP has filed an amended complaint in the securities fraud class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of Structured Repackaged Asset-Backed Trust Securities, Callable Class A Certificates, Series 2007-1, STRATS(SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1 ("STRATS") (NYSE:GJW) from the date of issuance on June29, 2007, through and including April 22, 2008 (the "Class Period"). The case has been assigned No. 08 Civ. 11241. The defendants in the case are Robert J. Genader, Sean T. Leonard and Ambac Financial Group, Inc. The complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by issuing a series of false and misleading statements concerning the financial results andoperations of Ambac Financial Group, Inc.

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