As we noted on the site before, TNA President Billy Corgan filed an injunction against Impact Ventures, Dixie Carter, Dean Broadhead, and others in a Nashville court on October 12. The hearing regarding the documents was originally scheduled for Thursday, October 20, but in a listing on the court website the hearing is now listed for October 26 at 1 PM.
Mike Johnson of PWInsider.com is reporting that the hearing was pushed back in order to provide additional time for the defendants to prepare their answer to the allegations. Chancellor Ellen Hobbes Lyle issued the order that said that the defendants would have until 10AM Monday, October 24, to file any “opposition to issuance of a temporary injunction.” Corgan would then have until 3PM Tuesday, October 25, to respond.
Based on the Chancellor’s decree, the current temporary restraining order will stand until the new hearing date. A conference call is scheduled for October 20 at 11:30 AM between the attorneys for both sides and Chancellor Lyle regarding the sealed state of the lawsuit and whether that should remain in place. Chancellor Lyle noted in her statement that the hearing on October 26 will not include “oral testimony” and that the decision on the injunction will solely be made based on the documents filed and responses to discovery.
Bill Says: Interesting developments. There’s also word floating around from F4WOnline.com that TNA “might” (emphasis on this) be filing bankruptcy in the coming days. One has to ask if they’re trying to buy time for those filings or not? Obviously, we will continue to follow this story.