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April 28, 2008

Clear Channel Will Win or Lose in Texas

The New York Court has refused to block the Texas suit by Clear Channel against the lenders of the buyout group for tortuous interference with the Clear Channel buyout.  The lenders have refused to lend.  So we are back to a Texas jury with a Texas plaintiff against New York financial companies.  Anybody remember the Pennzoil v Texaco debacle??  Are we in for a replay?

April 28, 2008 in Mergers & Acquisitions | Permalink

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