Kemo
10-13-2016, 10:13 PM
TNA President Billy Corgan has filed a lawsuit in Nashville against Impact Wrestling (parent company Impact Ventures LLC), TNA Chairman Dixie Carter, TNA Chief Financial Officer Dean Broadhead and Serg Salias, Dixie’s husband. The news was first reported by PWInsider.
Details are scarce at this point, but court records reveal a temporary restraining order was approved and a hearing for a temporary injunction will be held next Thursday morning (10/20). Corgan has also requested a six person jury to decide the case. Beyond that, exact nature of the lawsuit is currently unknown due to court documents being sealed.
Corgan has been attempting to purchase a majority stake in the company. Corgan’s stake in the company has grown as he’s financed several rounds of television tapings, but Dixie Carter has maintained a controlling interest. Aroluxe Productions and The Fight Network also own shares. A sale was expected prior to TNA Bound For Glory, but Dixie Carter somehow secured funding and Corgan has been unable to finalize a deal.
Dave Meltzer noted this week, “There are a lot of hurdles and games being played. [Dixie Carter] has really made a mess and is responsible for all of it.”
Details are scarce at this point, but court records reveal a temporary restraining order was approved and a hearing for a temporary injunction will be held next Thursday morning (10/20). Corgan has also requested a six person jury to decide the case. Beyond that, exact nature of the lawsuit is currently unknown due to court documents being sealed.
Corgan has been attempting to purchase a majority stake in the company. Corgan’s stake in the company has grown as he’s financed several rounds of television tapings, but Dixie Carter has maintained a controlling interest. Aroluxe Productions and The Fight Network also own shares. A sale was expected prior to TNA Bound For Glory, but Dixie Carter somehow secured funding and Corgan has been unable to finalize a deal.
Dave Meltzer noted this week, “There are a lot of hurdles and games being played. [Dixie Carter] has really made a mess and is responsible for all of it.”