Apparently Billy Corgan's attempt to buy NWA hit a big snag and all because someone forgot to check to see if NWA trademarks were still active during talks.
Turns out they were not.
Quote:
Originally Posted by PWI
Multiple sources have told PWInsider.com that the deal is described as "in jeopardy" due to issues regarding the transfer of the existing copyrights and trademarks for the National Wrestling Alliance.
PWInsider.com research indicates that the copyright and trademark on the brand name lapsed last year with his International Wrestling Corp, LLC applying for it again on March 30th of this year. The trademark has not been officially assigned, theoretically making it impossible for them to be transferred to Corgan.
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