Court Halts G&L Merger

BEVERLY HILLS, CA-A Superior Court judge here has issued a temporary injunction against the planned merger of G&L Realty Corp. and an entity controlled by its chief shareholders.

Primary shareholders Daniel M. Gottlieb and Steven D. Lebowitz want to buy the small healthcare REIT, which operates a handful of facilities in Southern California. Common shareholders Linda Lukoff and Richard Abrons are among those trying to stop the merger and—if they can deliver to the court a $16.2 million bond by 1:00 p.m. on Tuesday, Oct. 23—the court will hear further arguments in the case.