Chancellor Ellen Hobbs Lyle today ruled against Billy Corgan’s request for a temporary injunction against TNA, which as noted would have prevented the company from making major business decisions or sell the company without Corgan being involved in the decision.
With regards to the loans Corgan gave the company, those will be paid back to Corgan, and are due tomorrow, November 1st.
For those asking, I’m in no way disappointed in the judges ruling regarding TNA. Rather, I’m grateful the judge considered the case
It’s important to note is these proceedings have brought forth facts which illuminate business practices I have fought against for a reason
And I suggest that a careful reading on the judge’s ruling supports there can be no claim of victory by anyone in a position of authority
— WPC (@Billy) October 31, 2016