Bank of America postpones ABN Amro lawsuit
Bank of America has postponed its lawsuit against ABN Amro, the Financial Times reports on Friday.
BoA announced it was going to take legal action against the Dutch bank after the company court ordered ABN Amro to put the sale of its US subsidiary LaSalle to a shareholder vote.
BoA had earlier agreed to buy LaSalle for $21bn. Lawyers acting for BoA and ABN Amro both asked to postpone of proceedings that had been due to start today at a New York district court, a person close to the issue told the FT.
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