ACA Capital hit by double lawsuit blow after IPO

ACA Capital, the structured credit protection provider, has been named in two class action lawsuits brought by shareholders who have seen the value of their investments plummet.

Two suits have been filed separately at the US District Court for the Southern District of New York by firms Coughlin Stoia Geller Rudman & Robbins and Abraham Fruchter & Twersky on behalf of "all persons who purchased the common stock of ACA Capital" at the time of its initial public offering on November 10, 2006.

Both ac

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