-

BankDirect Capital Finance files lawsuit against TNA

The Wrestling Observer is reporting that BankDirect Capital Finance filed a lawsuit against TNA on September 29, asking for the company to return the $207,612.29 that it owes them. The lawsuit was filed in the Circuit Court in Cook County, Illinois.

The case dates back to November 30, 2015 when TNA and BankDirect Capital Finance entered into an agreement where they would loan $400,146 to TNA to cover insurance premiums. TNA agreed to pay the sum in 10-monthly installments of $41,032.45 each.

Up until the end of September 2016, 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.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Stardom’s Momo Watanbe joins the International Women’s Cup match

The last entrant in the International Women's Cup at Wrestle Dream is Momo Watanbe, representing the Japanese Stardom promotion. Watanbe...

Ash By Elegance joins OnlyFans

Ash By Elegance, the TNA star formerly known as Dana Brooke in WWE, has joined the OnlyFans platform. She made...

More seats added to the 2025 Royal Rumble

WWE has added more tickets for the 2025 Royal Rumble at the Lucas Oil Stadium in Indianapolis with more...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading