Billy Corgan Sues Impact Ventures, The Wrestling Company Where He’s President

Just a few short weeks after relaying his vision for TNA Impact Wrestling, it seems Billy Corgan and the company have hit a snag in their young relationship. Corgan was named president of TNA’s parent company, Impact Ventures, in August, and told the New York Post that he had planned to take majority ownership of Impact Ventures last month.

Corgan is now suing the company and asking that the court keep the records sealed to keep the reason undisclosed, according to Pitchfork. The Nashville Chancery Court documents do name Dixie Carter, who has been TNA’s chairman and chief strategy officer since handing the president role to Corgan, along with her husband, TNA executive Serg Salinas, and the chief financial officer, Dean Broadhead as defendants.

In addition to the suit, Corgan asked that a restraining order be issued against TNA Ventures, and it was granted today. Again it is unclear why the restraining order was requested and exactly who it pertains to. A hearing on the restraining order and Corgan’s additional request for a temporary injunction is scheduled for 10/20.