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Judge denies Billy Corgan’s request for injunction against TNA – details

UPDATE: Corgan issued the following statement on his Twitter account:

ORIGINAL: The Nashville Chancery Court has denied Billy Corgan’s request for a temporary injunction against Impact Ventures, LLC, Dixie Carter Salinas, Serg Salinas, and Dean Broadhead. The ruling was made on Monday in Nashville, TN. Also, the court dissolved Corgan’s temporary restraining order against TNA.

This means that Corgan will not receive control of TNA and that the current management can move on without having Corgan’s approval. However, this does not mean that Corgan’s lawsuit against TNA is over and they will still have to repay Corgan $1.8 million, which he loaned them unless he decides to convert that debt into a 36% ownership stake in the company.

We will add more to this story when more details are available.






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