Bank of America Corp. filed an appeal to the Dutch Supreme Court on Tuesday over a ruling this month that froze the company's $21 billion purchase of LaSalle Bank from ABN Amro. Control of Chicago-based LaSalle Bank Corp. has become the key battle in the larger fight to acquire ABN Amro in what would be the largest takeover in the history of the financial industry. The BofA appeal argues that U.S. law, not Dutch law, should govern LaSalle's sale, since the sale contract was drafted in the U.S.
May 16, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Bank of America Corp. filed an appeal to the Dutch Supreme Court on Tuesday over a ruling this month that froze the company’s $21 billion purchase of LaSalle Bank from ABN Amro.
“We’re confident that the Dutch Supreme Court, when presented with all the facts, will overturn the (Amsterdam Superior Court’s) decision,” BofA spokesman Scott Silvestri said.
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