Big Update On The Billy Corgan vs. TNA Lawsuit

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Billy Corgan’s request for a temporary injunction against TNA was denied on Monday in Nashville, TN by the Nashville Chancery Court. Corgan’s temporary restraining order against TNA has also been dissolved.

The ruling means that Corgan will not get control of the company and the current management (Impact Ventures, LLC, Dixie Carter Salinas, Serg Salinas, and Dean Broadhead) can make any and all decisions regarding the company without Corgan’s approval.

TNA will still have to repay Corgan $1.8 million because he loaned them the money unless Corgan converts the debt into a 36% ownership stake in TNA.

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