2 minutes ago SAN ANTONIO (Reuters) - A judge in Texas on Friday refused a request by several New York-based banks to dismiss a lawsuit filed by Clear Channel Communications Inc (CCU.N) and two buyout firms trying to acquire the radio operator.Bexar County State District Judge Joe F. Brown Jr set a June 2 trial date for the case.
"We need relief," Clear Channel attorney Ricardo Cedillo said, arguing for a quick trial. "We have 6,000 employees whose employment cannot be guaranteed. We have contracts around the world which have been thrown into uncertainty."
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