First Union Real Estate Equity and Mortgage Investments, New York, has reported that a preliminary injunction barring its proposed merger with Gotham Golf Corp. has been extended indefinitely.An order by the New York Supreme Court for New York County directed the parties to the lawsuit to attend a preliminary conference for the purpose of scheduling discovery. The court action resulted from a motion by George Kimeldorf -- whom the company termed "a purported holder" of First Union preferred stock -- in connection with his April 2002 lawsuit seeking certification of the suit as a class action. First Union, a stapled-stock real estate investment trust, and Gotham intend to appeal the latest ruling, First Union said.
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