Thread: LIVE Coverage of Court Case - Dixie Carter vs Billy Corgan for TNA ownership!
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Old 10-24-2016, 03:50 AM   #11
Emperor Smeat
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Another lawsuit was filed against TNA recently.

Quote:
This one has been filed in Cook County, Illinois for late charges, interest and attorney fees.

This lawsuit is for $207,612.29 and it was filed against TNA Entertainment, LLC on 9/29. BankDirect paid TNA $400,146.00 so that TNA could pay insurance premiums. An agreement was made for TNA to give money back to BankDirect, but they are still $207,612.29 behind on paying them back. TNA was supposed to make ten monthly payments of $41,032.45.
http://wrestlingnews.co/another-laws...or-money-owed/

To get an idea of how much TNA currently owes just from lawsuits:
Quote:
Audience Of One production company – $223,000 plus interest and post-judgment costs
Billy Corgan – most of the lawsuit details are sealed
Bischoff-Hervey Entertainment – $114,500.02
American Express Travel Related Services Company – $269,040.50
Corgan's amount might be somewhere between $2-$4 million based on him covering tv tapings and other stuff for TNA.

On top of that, they also owe a good chunk of money to the state of Tennessee and their talent roster.
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