Retailer Genesco has received a subpoena from the Office of the US Attorney for the Southern District of New York, for documents relating to the hat retailer's negotiations and proposed merger agreement with The Finish Line.

The subpoena states that the documents are sought in connection with "alleged violations of federal fraud statutes," Genesco said. It relates to efforts by Swiss bank UBS to withdraw from financing the merger.

Genesco chairman and CEO Hal Pennington said: "The US Attorney subpoena comes on the heels of the baseless fraud allegations made by UBS ten days ago.

"These allegations are completely without merit and are simply part of UBS' litigation tactics to avoid their contractual obligations; we will fully cooperate with the US Attorney in connection with their inquiry.

"Most importantly, we will not be deterred from enforcing our rights under the merger agreement."

Last week (19 November) Pennington hit out at allegations that Genesco had defrauded investment bank UBS after agreeing to a $1.5bn takeover by The Finish Line.

UBS, The Finish Line's lenders, had claimed that Genesco was trying to sell its business "before everyone knew that its financial condition was collapsing", it was reported.

Genesco filed a court order in September seeking closure of the takeover, but The Finish Line has since filed a court order calling on Genesco to provide it with access to more financial data and personnel before it progresses with the stalled acquisition, which was first announced in June.