Tuesday, May 15, 2007

Bank of America appeals frozen LaSalle sale

(Reuters) - "If we are successful in appealing to the Dutch court, we expect the parties to fulfil the contract," a spokesman for Bank of America said. "The Dutch statute does not require shareholder approval for the sale of LaSalle and we believe the Dutch statute protects the rights of a third party like Bank of America that acted in good faith."

ABN was not immediately available for comment.


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