TNA’s travel department used the company’s American Express Corporate account to charge various items and never paid those charges back
American Express is now seeking to reclaim the $269, as well all legal costs related to the lawsuit
? A third lawsuit against TNA has been revealed and Dave Meltzer of the Observer is reporting that American Express, through their American Express Travel Related Services Company, Inc, sued TNA’s parent company for unpaid travel expenses. The lawsuit was filed on July 20 in the Supreme Court of New York and claims that TNA owes them a total of $269, in travel related expenses. According to the lawsuit, just like the one similar filed by Audience Of One, TNA agreed to repay the debt with monthly payments and even agreed to pay court costs if the two parties ever went to court, however no monthly payment was done.
The case dates back to when TNA and BankDirect Capital Finance entered into an agreement where they would loan $400,146 to TNA to cover insurance premiums
? Anthem Sports & Entertainment Corp., the parent company of Fight Network, issued a statement yesterday confirming the recent cash injection in TNA, funding the Bound For Glory pay-per-view and subsequent television tapings that took place for a week after the PPV. “Fight Network has also offered to provide TNA Impact Wrestling with funding to repay the loans made by Mr. Billy Corgan and is positioned to provide additional transitional assistance to the company,” the statement said. “TNA is a strong property for Fight Network and as a licensee and global distribution partner we have a keen interest in seeing the company not only survive but continue to grow and thrive, alongside our own growth,” said Leonard Asper, CEO of Anthem. “We are hopeful that the company can soon get back to doing what it does best, which is to produce great wrestling content.” TNA has wrapped up filming Impact for this year and has TV covered up until the end of 2016. The next set of tapings – if the company is still alive by then – will have to be done in the first week of .
? The court hearing for the lawsuit filed by Billy Corgan against TNA and a few other individuals has been moved by a few days according to Live Audio Wrestling, which is owned by The Fight Network. The temporary injunction hearing was set for today but is now set for Wednesday at the Davidson County Chancery Court in Nashville, Tennessee. Corgan asked for a six-person jury to hear the case. He also filed a restraining order, which was approved by the court, to possibly block Dixie Carter from continuing to sell parts of TNA or complete a sale behind his back. His lawsuit is one of three that was filed against TNA over the past three months, with Audience Of One and American Express also filing lawsuits against the company for unpaid bills for different services rendered.
? The Wrestling Observer is reporting that BankDirect Capital Finance filed a lawsuit against TNA on September 29, asking for the company to return the $207, that it owes them. The lawsuit was filed in the Circuit Court in Cook County, Illinois. TNA agreed to pay the sum in 10-monthly installments of $41, each. Up until the end of , TNA paid only $192,534 out of that sum, leaving $207,612 in an unpaid balance. That means that TNA paid less than half of the sum in a 12-month period when they had to pay all of it in 10 months. BankDirect Capital Finance is a division of Texas Capital Bank, N.A., a diversified financial services business. It’s based in Lake Forest, Illinois. This is the fourth lawsuit TNA is facing in a span of a few months, with Audience of One, Billy Corgan, and American Express having filed lawsuits already against them.