IMPACT Wrestling has to be hoping that any impending legal battle they have against the Hardys goes better than the one they had against Audience of One.
PWInsider is reporting that Audience of One has won its court case against IMPACT Wrestling (formerly TNA). IMPACT admitted in court that that they breached their deal with Audience of One (AO1). IMPACT also admitted that th Repayment Agreement they had with AO1 was a “valid and enforceable” contract. IMPACT agreed to pay AO1 $336,602, an amount that includes the entire remaining owed balance, plus interest. AO1 originally sued for $223,000 plus interest and post-judgment costs.
The lawsuit was originally filed last fall, claiming that TNA’s Chief Financial Officer Dean Broadhead and Impact Ventures hired AO1 under false pretenses. TNA told AO1 that they wanted them to come on as Impact’s full-time production company, which AO1 alleges TNA had no intention of following through on. AO1 wasn't compensated for their work in a timely manner, which led to a payment plan being established. TNA made one payment, then stopped, an allegation to which IMPACT also admitted in court.
The lawsuit was filed during the old TNA administration, before Anthem Media bought the company and became majority owners.
- From The Web