UPDATED: Billy Corgan Files Lawsuit Against TNA & Dixie Carter

UPDATE: Pwinsider.com reports that a temporary restraining order was approved and Corgan filed a bond to support it today. There is a hearing set for October 20th, which is for a temporary injection. Corgan has also requested a six-person jury decide the case.

ORIGINAL: According to Pwinsider.com, TNA President Billy Cogan filed a lawsuit against TNA Impact Wrestling, its parent company Impact Ventures LLC, TNA Chairman Dixie Carter, TNA Chief Financial Officer Dean Broadhead and Carter’s husband Serg Salias. The case was filed on October 12th in the Chancery Court of Nashville, TN. Requests for comment from Corgan’s attorney and TNA’s Public Relations were not returned, and there are no official details regarding the lawsuit as of this writing. We can speculate that it is over Corgan’s bid to purchase the company.

Corgan began investing in TNA Wrestling over the summer, and was the person that financed the Slammiversary PPV as well as the following TV tapings. He then invested further and that led to him acquiring a larger share in the company. In August, he was named President of the company and it was announced that he would be handling the day-to-day operations.

Corgan had wanted to buy TNA, but noted that he wouldn’t buy the company unless he could secure its future. He had not been able to close a deal, as things reportedly became “complicated.” The site also adds that TNA personalities noted over the course of the PPV and October TV tapings that there was obvious tension between Corgan and Carter.

Buckle up kids.