A temporary restraining order is a court order which prevents a party from taking, or failing to take, a specific action. In the context of securities disputes, these orders are temporary – that is, they are only effective until the court can hold a hearing. The procedure and requirements for obtaining a temporary restraining order are different in different jurisdictions. In the federal courts, temporary restraining orders are governed by Federal Rule of Civil Procedure 65 – Injunctions and Restraining Orders
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