In an update on today’s hearing in the lawsuit brought forth by TNA Wrestling President Billy Corgan against TNA Wrestling, its parent company IMPACT Ventures LLC, TNA Wrestling Chairman Dixie Carter, her husband Serg Salinas and TNA Wrestling’s Chief Financial Officer Dean Broadhead on October 12th in the Chancery Court of Nashville, Tennessee, a report from PWInsider.com notes that the hearing may have been pushed back to Wednesday, October 26th at 1pm local time to provide the defendants additional time to prepare their answer to whatever allegations that Corgan has brought forth in the sealed lawsuit.

The report notes that in the order announcing the hearing being pushed back, Chancellor Ellen Hobbes Lyle decreed that TNA Wrestling and the other defendants would have until 10am on Monday, October 24th to file any opposition to issuance of a temporary injunction, while Corgan would have until 3pm on Tuesday, October 25th to respond and that the current temporary restraining order, which the reasons for also remain sealed currently, will stand until the hearing on October 26th, with Chancellor Lyle noting that no oral testimony will be heard at the hearing and that the decision on the temporary injunction will be decided solely on affidavits and responses to discovery made in those affidavits, meaning that the court will be going strictly by Billy Corgan’s claims and the responses that the defendants make to those claims.

The report goes on to note that a telephone conference between all parties was scheduled for 11:30am this morning, with all attorneys for each side and Chancellor Lyle regarding the lawsuit being sealed and whether all the filings of the lawsuit should remain sealed. The lawsuit was initially sealed at the request of Billy Corgan’s attorneys due to material in the lawsuit featuring necessary references to proprietary documents and information. In the State of Tennessee, the courts can seal lawsuits as long as they fit the following three pieces of criteria, the litigation involves private litigants, the disclosure would reveal private, proprietary information and that the disclosure is not necessary to communicating on the public record the outcome and the reason for that outcome. The report states that while the court agrees that the lawsuit fits the first two criteria, it should be noted that the court currently feels that the lawsuit, as it exists now, that disclosure of the finances and business outlook and plan of the LLC may be necessary to communicating on the public record the outcome and the reason for that outcome and that the court specifically warned that it believes all of the filings can be released to public records, with the exception of dollar amounts listed in the lawsuit, as well as five of the seven exhibits Corgan filed to support his lawsuit claims, meaning that attorneys for each side will have to convince Chancellor Hobbes of the third part of the criteria in order for everything to remain sealed. The report further notes that it was noted that the reason Corgan requested the lawsuit be sealed to begin with was to prevent competitors from having access to sensitive information about the financials of TNA Wrestling and the parties involved in the lawsuit.