Friday, June 8, 2007

Bank of America appeals "shocking" ABN ruling

(Reuters) - In its appeal to the Dutch Supreme Court, the second-largest U.S. bank contended that the Enterprise Chamber, a Dutch commercial court, overstepped its authority in freezing the acquisition so that it could put to a shareholder vote.




"The decision by the Enterprise Chamber is legally incorrect, at least incomprehensible and not supported by the grounds required by law," Charlotte, North Carolina-based Bank of America said in its 24-page appeal.


Read more at Reuters.com Business News

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