LIVE Coverage of Court Case - Dixie Carter vs Billy Corgan for TNA ownership!

[BigCrippyZ]

Originally Posted by Simple Fan He might know how to run the business side as well. I could see the court just shutting down TNA and giving Corgan whatever he wants that he can use to create a new company. And Dixie wanted a reality show for herself that showed a woman running a pro wrestling company. Probably couldn't get any footage of her actually doing anything.

IF the contracts mentioned are legit, AND a jury finds them to be legit and understands and agrees that they say what Corgan is claiming they say, Corgan will be in control of TNA, regardless of how much debt they owe. In that case, if Corgan can pay off the debt without having to sell off his majority interest, Corgan can do whatever he wants with the company.

Except for very rare cases involving monopolies, bankruptcy and large, illegal corporate schemes, court's will not shut down companies. In this case, even if they did, Billy wouldn't be entitled to anything left over from TNA until all of TNA's creditors were paid off. Even though Billy is alleging that TNA is bankrupt, this is not a bankruptcy case involving TNA, this is a breach of duty and breach contract case between Corgan and Dixie and TNA, so TNA will not be shut down by this court in this case.