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Travis Parham, TNA wrestling's lawyer, presents their case during a hearing in the lawsuit involving Billy Corgan https://t.co/ADf2D0XvTO pic.twitter.com/Q5OPTZ92JL
β The Tennessean (@Tennessean) October 26, 2016
Billy Corgan's lawyer, Scott Sims, presents his client's case in a hearing in the lawsuit involving TNA wrestling https://t.co/lMXhSlx7DX pic.twitter.com/FWd6mhsSoo
β The Tennessean (@Tennessean) October 26, 2016
Carter vs Corgan had been settled in court today, and below are a few of the highlights thatΒ The Tennessean tweeted out about it.Β
Nate RauΒ deserves credit for the tweets first and foremost, and secondly we're only posting some of the highlight key moments.Β
Highlights
The hearing is set to begin for Billy Corgan's lawsuit against TNA. No sign of Corgan but TNA chair Dixie Carter is here.
β Nate Rau (@tnnaterau) October 26, 2016
Corgan's atty Scott Sims begins. He says Corgan saved the company on 3 occasions. But TNA didnt hold up its end of bargain
β Nate Rau (@tnnaterau) October 26, 2016
Sims says Corgan and Carter entered pledge agreement that included insolvency cause. Proving this is crucial part of lawsuit.
β Nate Rau (@tnnaterau) October 26, 2016
Dixie is watching without showing any emotion. Shes following along while Sims argues TNA is insolvent.
β Nate Rau (@tnnaterau) October 26, 2016
It is clear TNA is not paying its bills. They say financial condition was same when Corgan signed pledge agreement.
β Nate Rau (@tnnaterau) October 26, 2016
Now is where the WWE discussions are brought up:
Sims referencing WWE negotiations now. He says WWE lowered its first offer. And current offer counts noncompete clauses.
β Nate Rau (@tnnaterau) October 26, 2016
Sims says Wwe offer is lower than Corgans estimate of TNA liabilities.
β Nate Rau (@tnnaterau) October 26, 2016
Sims says Dixie emailed WWE to say she wont sell to them until Billy is out.
β Nate Rau (@tnnaterau) October 26, 2016
And finally some good...news?
Anthem has issued press release saying it is willing to pay off Corgan and Aroluxe's Jason Brown will become new ceo.
β Nate Rau (@tnnaterau) October 26, 2016
Sims just said Carter made offer for Corgan to buy her out. Everyone involved is trying to make a deal Sims says.
β Nate Rau (@tnnaterau) October 26, 2016
Anthem atty says company is willing to pay off Corgan loan minus transaction premium he says he is due.
β Nate Rau (@tnnaterau) October 26, 2016
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