NEW YORK — Bank of America Corp. on Thursday was granted a temporary restraining order to freeze $1 billion of Colonial BancGroup's assets, the latest blow for the Alabama bank in its struggle to survive.

Bank of America filed a lawsuit Wednesday against Colonial with the U.S. District Court of the Southern District of Florida, in Miami, to protect its claim on Colonial loans. In granting the restraining order Thursday afternoon, U.S. District Judge Adalberto Jordan said, "I find that Bank of America has met its burden in this case."

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