Press Release: NWA:TNA And Jay Hassman Settle
Posted by Widro on 07.16.2003
Bitter split after early buyrate estimates were way off...
This is a press release issued by Jay Hassman regarding the lawsuit between he and NWA:TNA. NWA:TNA officials alledged that Hassman had falsified buyrate numbers and didn't perform his duties in marketing the promotion in 2002:
July 16, 2003….. It was announced today that the action commenced by J. SPORTS & ENTERTAINMENT, L.L.C. ("Plaintiff" or "JSE, LLC"), against JAY HASSMAN, BTP CONSULTING, LEN SABAL and K-4, L.L.C. (collectively the "Defendants") on July 30, 2002 in the Circuit Court of Davidson County, Tennessee, which was removed to the U.S District Court for the Middle District of Tennessee, Nashville Division, on August 30, 2002 as Civil Action File No. 3:02-CV-00853, has been resolved and fully settled by the Parties.
Today's joint announcement by Plaintiff and Defendants states that the Parties agreed to settle and compromise the litigation through a "mutual walk away," with no settlement payments by any Party, and to dismiss with prejudice all claims and counterclaims in the litigation.
The announcement also notes that, "This [Settlement] Agreement and any proceedings taken hereunder are not and shall not in any way be construed as or deemed to be evidence of or any admission or concession of wrongdoing or liability, or an admission of the truth of an, or an admission of the truth of an fact, on the part of any Party, their counsel, or any of them, which liability is expressly denied and disclaimed by each of the Parties."
No additional information or statements regarding any of the claims, counterclaims or the like at issue in the litigation shall be available in the future from any of the Parties, their agents or related entities.
