Update: Scott Steiner Drops Lawsuit Against TNA Wrestling

As expected, Scott Steiner has dropped his lawsuit against TNA Wrestling, which alleged that the company failed to pay him certain royalties and supply him with an account of royalties, reports PWInsider.com.

Litigation still exists between the two sides, however, as TNA's lawsuit against Steiner for his verbal assault on the company via Twitter is still pending. Also pending is Steiner's second lawsuit against TNA which alleges that Jeff Hardy was intoxicated when he worked a match against Steiner during his time in TNA.