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’ agreement and duty to provide debt financing to the Merger of the Company with CC Media Holdings, Inc. He found in favor of Clear Channel’s claim that irreparable harm would result if the Banks were not immediately enjoined from tortiously interfering with the Merger Agreement.

Update: Steven M. Davidoff, Dealbook’s Deal Professor, chimes in on the latest twist, calling it a “short-term publicity win for Clear Channel.” The real action will occur when it is dealt with by the NY courts.

• Updated: PE Firms Sue Banks To Save Clear Channel Deal; Clear Channel Wants Huge Penalty