Judge Denies Billy Corgan’s Request For Injunction Against TNA

According to Pwinsider.com, the Nashville Chancery Court has denied Billy Corgan’s request for a temporary injunction against Dixie Carter, Serg Salinas, Dean Broadhead, Impact Ventures LLC. Due to the ruling, they have also dissolved Corgan’s temporary restraining order against the company.

This means that Corgan will not gain control of TNA and that the current management can move forward to make plans and choices for the company without his approval.

The site also reports that TNA will still have to repay Corgan’s loan of $1.8 million. That is unless Corgan chooses to convert that debt into a 36% ownership stake in the company.

More on the story as it develops…