Bladewatch.com

http://news.bbc.co.uk/1/hi/business/6606677.stm

Bank of America is reported to be threatening one of the biggest lawsuits in history if its deal to buy LaSalle Bank from ABN Amro falls through.

A Dutch court will rule on Thursday on whether ABN Amro was allowed to sell LaSalle without shareholder approval.

Several papers report that Bank of America will sue for $220bn (£110bn) of damages if the deal is blocked.

Some ABN investors say LaSalle was only sold to deter rival bids for ABN, which had agreed a merger with Barclays.

Very interesting, whether though the threat of legal action has an effect on the decision of the board is another thing, keep in mind that the shareholders probably want the best value from an economic standpoint, the board might want the deal that has the least impact from an organization standpoint. In the meantime, the deal, the issues and the activities surrounding it goes on.

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