Casas Bahia withdraws legal motion against Banco do Brasil over R$ 422 million debit

Casas Bahia has dropped its court request for the return of R$ 422 million allegedly debited unilaterally by Banco do Brasil. The retailer previously accused the bank of unauthorized withdrawals, while the bank maintains the actions were contractually valid and accused the retailer of bad faith. The withdrawal of the motion signals a potential shift in the legal strategy or a private settlement between the parties.