Ever since Billy Corgan filed a lawsuit against TNA last week, we’ve found numerous public records of the company’s debt, and it’s bad enough that it looks like the promotion is limping towards filing bankruptcy. Today, we were tipped off to and able confirm another debt owed by TNA, one bad enough that the creditor sued TNA.
On July 21st, American Express Travel Related Services Company sued TNA Entertainment, LLC in New York County Supreme Court in New York (New York County = New York, NY = the borough of Manhattan). TNA was served with the lawsuit (case number 653846/2016 in the New York State Unified Court System) on August 8th.
In the complaint, American Express alleges that TNA defaulted on their account to the tune of $269,049.50. There are very few details other than that, like how long TNA was delinquent on payments, but clearly, it was long enough for American Express to decide it were never getting paid and take legal action.
The only other real information in there is that it was an American Express Corporate Card (which is no surprise), and that, based on the division of American Express suing TNA, it was likely earmarked specifically for travel expenses.
