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PWInsider.com has confirmed that in a ruling today, the Nashville Chancery Court has denied Billy Corgan's request for a temporary injunction against Dixie Carter, Serg Salinas, Dean Broadhead, Impact Ventures LLC.
The court has also dissolved Corgan's temporary restraining order against the company.
PWInsider.com is waiting on further details, but what this means is that Corgan will not gain control of TNA and that the current management can move forward with whatever choices and business they desire without having to get his approval.
This does not mean the end of Corgan's lawsuit against the company and TNA will still have to repay Corgan's loan of $1.8 million, unless Corgan opts to convert that debt into a 36% ownership stake in the company.
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