Judge P. Kevin Castel’s order explains why the state-court TRO was not irregular: it was supported by a substantial evidentiary record and served the classic purpose of injunctions in aid of arbitration—maintaining the status quo so arbitrators can render an effective award. The order highlights exactly what matters: the claimed failure to obtain required regulatory approvals, the risk of irreparable injury from dissipation of assets, and equities favoring restraint. It also underscores that interim relief is not a merits decision, but a safeguard against a fait accompli.
