Banks want Clear Channel suit dismissed


The latest legal play seeks to have the $26 billion lawsuit against six big banks by Clear Channel thrown out of the Texas courts because the drop dead date for the buyout deal, June 12th, hasn’t yet passed. Thus, the banks claim, there has been no harm yet to Clear Channel.

RBR observation: What do you suppose the odds are on the banks winning this round? Or will their perfect record of losing in the Texas courts remain intact?