More Details On Why The Billy Corgan Lawsuit Was Delayed And Why Records Were Sealed

Bill Pritchard

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PWInsider.com is reporting the lawsuit by TNA President Billy Corgan against TNA Impact Wrestling may have been delayed until next Wednesday so the defendants have additional time to prepare for the sealed lawsuit.

Corgan’s lawsuit is against TNA Wrestling, its parent company Impact Ventures LLC, TNA Chairman Dixie Carter, TNA Chief Financial Officer Dean Broadhead and Carter’s husband Serg Salinas. Currently, TNA and the other defendants have until 10 a.m. on Monday, October 24th to file any “opposition to issuance of a temporary injunction”, and Corgan would have until 3 p.m. on Tuesday, October 25th to respond, by order of Chancellor Ellen Hobbes Lyle.

Additionally, the temporary restraining order brought on by Corgan will stand until the new hearing date on Wednesday, October 26th, and the decision on the temporary injunction will be decided on “affidavits and responses to discovery made in those affidavits.” PWInsider.com says they were able to exclusively confirm seven exhibits filed in court to support the lawsuit.

In regards to the lawsuit remaining sealed in court, a conference call is set for tomorrow morning to determine if the case should remain sealed. PWInsider confirmed the suit was sealed at the request of Corgan’s attorneys due to it having “necessary references to proprietary documents and information.” The court agrees the case meets two of the State of Tennessee’s pieces of criteria to seal a case, but it may need to be made public due to the court feeling “as it exists now, that disclosure of the finances, and business outlook and plan of the LLC may be necessary to communicating on the public record the outcome and the reason for that outcome.”

The court warned all of the filings could be made public, except for dollar amounts and five of the submitted exhibits from Corgan. Attorneys will have to convince the Chancellor of the third part to have everything remained sealed. It was said the reason Corgan requested the lawsuit remained sealed was to prevent competitors from accessing sensitive financial information for anyone involved.

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