According to PWInsider, the Chancery Court of Nashville has denied Billy Corgans request for a temporary injunction against Dixie Carter, Dixies husband Serg Salinas, Dean Broadhead, and Impact Ventures. In addition to denying his request, the court dissolved Corgans temporary restraining order against the company and certain individuals therein.
This means that TNA can move forward as planned, without needing to get Corgans approval before making large-scale business decisions. It should be noted that this will not put an end to Corgans lawsuit against the company, and in addition, Dixie Carter still owes the Smashing Pumpkin front man $1.8M. As previously reported, Corgan can opt to convert the debt hes owed into equity in the prom…
Read the full article at: http://www.pwmania.com/updates-on-the-legal-situation-between-billy-corgan-and-tna