Thread: LIVE Coverage of Court Case - Dixie Carter vs Billy Corgan for TNA ownership!
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Old 01-05-2017, 01:57 AM   #1197
Emperor Smeat
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TNA ended up losing the lawsuit against American Express recently. Puts their current record at 1-1 with a couple more lawsuits still active.

According to court reports, TNA lost by default due to refusing to be involved with the case and ignoring the extension the court provided to them.

Quote:
When we last left the matter of American Express’s lawsuit against TNA a month ago, the hearing in the case to determine if the credit card company would win by default was delayed a few weeks. With TNA never having officially recognized the lawsuit in any way, it was only natural that American Express would move for a default judgment which is standard when the defendant never acknowledges the case. It turns out that the judge issued a decision on December 22nd, but it wasn’t filed with the online court system until Tuesday. As expected, TNA lost the default judgment, and is now officially on the hook for $269,049.50 through the court system.
http://www.sescoops.com/tna-loses-26...rican-express/
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