BofA, Barclays Appeal Dutch Court’s Decision

Law360, New York (May 15, 2007, 12:00 AM EDT) -- Bank of America Corp. and its British counterpart Barclays PLC have reportedly appealed a Dutch court decision that suspended BofA’s $21 billion purchase of ABN Amro unit LaSalle.

BofA and Barclays filed separate appeals with the Dutch Supreme Court on Tuesday in the hope of overturning a lower court ruling that froze the $21 billion sale until ABN Amro’s shareholders could vote on it, according to Dow Jones.

Dutch bank ABN Amro announced the sale of LaSalle on the same day it reached an agreement to...
To view the full article, register now.