Quote:
Originally Posted by Triple A
Thank you guys...
So is this just going to be held up in court for a while?
Isn't TNA on the brink of financial collapse?
Is WWE now totally out?
What is the most likely scenario here?
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Yes, it will likely be a while before anything is finalized. Not sure if there's a trial date even set yet, but I may have just missed that news. Could be months/years, depending on trial outcome, appeals, etc.
Today's temporary injunction hearing is actually going on right now in chancery court, just down the road from my offices here in Nashville.
We don't really know for sure if they're on the brink of financial collapse, but Corgan is alleging that to be the case.
WWE could definitely at any time still offer to pay TNA for the tape library and probably at least license the TNA trademarks for use on the network, etc. TNA could also offer the same to WWE. The question in this case is, who has the authority to make those decisions on behalf of TNA, Dixie or Corgan?
The most likely scenario, IF all Corgan's claims are true and he can prove them, Corgan's going to get control of TNA, regardless of what kind of shape the company is in. That being said, there's still a very strong possibility of SOME kind of settlement agreement being reached since most civil lawsuits like this (over 90%) settle before a verdict.