Friday, June 15, 2007

Bank of America shelves ABN AMRO lawsuit

(Reuters) - The Dutch Supreme Court will rule late this month or early July on whether ABN AMRO, the Netherlands' biggest bank, can proceed with the sale of LaSalle Bank.




In May, a Dutch commercial court had frozen the sale in order to allow a shareholder vote. Bank of America has appealed the ruling, accusing the court of unlawful action by blocking the sale.


Read more at Reuters.com Business News

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