Judge Extends Deadline For RBS Prosecution Deal

Law360, New York (April 6, 2011, 4:59 PM EDT) -- A Washington federal judge on Wednesday gave The Royal Bank of Scotland NV another seven months to fulfill a deferred prosecution agreement it struck in a case alleging predecessor ABN Amro Bank NV facilitated illegal transactions worth $500 million.

Judge Colleen Kollar-Kotelly agreed to grant prosecutors' and RBS' joint motion for an extension in the U.S. District Court for the District of Columbia, representatives for both sides confirmed, changing the expiration date for the agreement from May 10 to Dec. 31 to give RBS extra time...
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