Blog Post

Updated: Judge Awards Temporary Restraining Order Against Banks In Clear Channel Case

That was quick: A Judge in Bexar County, TX has granted a temporary restraining order against the banks funding the Clear Channel (NYSE: CCU) buyout, saying they must not try to thwart the deal or go back on their commitments. In a statement, Clear Channel said it looked forward to quickly closing the deal now, although it’s hard to believe that this is the end of the story.

From the Release: “Judge Gabriel carefully considered the claims made in our lawsuit, and clearly recognized the importance of the Banks