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

[Emperor Smeat]

Baring something crazy happening outta nowhere, Corgan and TNA/Fight Network agreed to a settlement deal.

Originally Posted by Observer In a surprising move Friday, Billy Corgan announced on Twitter that he signed a settlement with TNA & Anthem Sports & Entertainment. The leader singer of the Smashing Pumpkins didn't say much but did mention he'll be doing some media next week to "fill in the blanks" and "spell out what is/isn't in" the settlement. Anthem property The Fight Network tweeted that they are "happy with arrangements made w/Mr. Corgan, allowing Impact Wrestling to put this behind them and focus on producing great shows." The arrangement ends a contentious fall season for Corgan, Anthem, and TNA which saw Corgan file a lawsuit against TNA over gaining control over the company due to unpaid loans. The judge denied that claim, but as of the November 1st deadline to be paid back, Corgan still hadn't been made whole which led to a formal request for payment, hampered by a complicated contract arrangement.

[Emperor Smeat]

Originally Posted by Smelly Meatball Baring something crazy happening outta nowhere, Corgan and TNA/Fight Network agreed to a settlement deal.

Turns out something crazy did end up happening since the settlement deal might have been rejected.

Originally Posted by PWI Despite publicly announcing that he and TNA had come to an agreement on their legal issues regarding the lawsuit he filed against TNA, Dixie Carter and others, the lawsuit Billy Corgan filed in the Nashville Chancery Court continues on. On 11/14, the court issued an order extending the defendants' time to answer the lawsuit or otherwise plead in regard to the case until today, 11/22. The order noted that it was at the request of counsel for both Corgan and the Defendants and that the extension "further the interests of judicial economy and efficiency." So, either the two sides have settled and it will be officially filed with the court today or the defendants will be filing some sort of official response to the case, such as a motion to dismiss.