BofA Sues ABN Amro Over LaSalle Sale

Law360, New York (May 4, 2007, 12:00 AM EDT) -- Bank of America Corp. filed a lawsuit on Friday against ABN Ambro NV, accusing the Dutch lender of failing to follow through on the sale of its Chicago-based subsidiary, LaSalle Bank Corp.

The breach-of-contract lawsuit, filed in Manhattan district court, accuses ABN Amro of violating representations and warranties of its April 22 agreement with BofA to sell LaSalle for $21 billion.

The LaSalle deal included a claim from ABN Amro that the sale wouldn’t require a shareholder vote under Dutch law and that Amsterdam-based bank had...
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