Billy Corgan (Smashing Pumpkins) loses legal battle to take over TNA WrestlingRN HomeRulesFAQ
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Posted at Thu, 11/03/2016 - 11:03
Posts: 23
Billy Corgan (Smashing Pumpkins) loses legal battle to take over TNA Wrestling

Billy Corgan wrestling

Smashing Pumpkins‘ Billy Corgan has lost his legal bid to take control of TNA wrestling.

The ‘1979’ grunge icon had previously claimed that due to “multiple events of default,” he had the legal right to take over the wrestling company – after going from producer to be made president of TNA.

He then sued TNA, telling the court that he was legally entitled to majority shareholder Dixie Carter’s voting rights, that he should be able to “remove the managers of Impact Ventures, LLC” – and requested a temporary restraining order to prevent TNA from doing business without his consent.

Now, as The Tennessan reports, a court in Nashville has rejected Corgan’s claim – arguing that he did not meet ‘the required burden of proof’. Corgan has since taken to Twitter to respond, claiming that he’s in not disappointed by the result