Sumitomo Trust & Banking Corp. on Friday filed an application with the Tokyo District Court to seek an injunction to halt merger talks between UFJ Holdings Inc. and Mitsubishi Tokyo Financial Group Inc., saying the UFJ group's decision to cancel its plan to sell UFJ Trust Bank to Sumitomo is a breach of contract.
Sources familiar with the action said Sumitomo Trust will also sue UFJ Holdings, UFJ Bank President Takamune Okihara and others for damages in connection with the case.
UFJ Holdings issued a statement late Friday, saying it cannot comment on Sumitomo trust's legal action because it has not received a copy of the petition.