While he has not given all of the details yet, Billy Corgan just announced on Friday shortly after noon eastern time that he and TNA have settled his lawsuit against them:
https://twitter.com/Billy/status/797123858843238409
https://twitter.com/Billy/status/797124900410556417
https://twitter.com/Billy/status/797125931949326336
While not outright said, the first tweet strongly implies that whatever the arrangement ended up being, it does not include a confidentiality agreement. It will be very interesting to see what he says next week about how this came about, as the big impasse had been that TNA financiers at Anthem Sports and Entertainment wanted Corgan to drop the lawsuit to get his loan paid back. They also didn’t want to pay him the $900,000 fee he was supposed to get get if TNA was sold. TNA has not yet been sold. Once the settlement is official, they will be free to sell the company to Anthem.
As we reported exclusively earlier in the week, Anthem is finalizing a new round of funding that allowed them to provide a credit facility to TNA and presumably will help them purchase the company soon. Corgan show particular interest in that story when we broke it:
https://twitter.com/Billy/status/796431158728917001
