AEW Claims Lawsuit Could Cause “Substantial And Irreparable Harm”
AEW is seeking to take a new lawsuit into private arbitration.
Back in February, Ryan Nemeth filed a lawsuit against AEW, Tony Khan, and CM Punk, featuring several explosive claims relating to Punk’s tenure with the company.
In the lengthy suit, it’s noted that Punk served in a role of “executive leadership” and that Khan “has a very deep personal affinity” for the star. The filing contained allegations of assault, breach of contract, and claims that Punk left Nemeth “embarrassed and humiliated” after getting him removed from a TV taping.
In response, Tony Khan and AEW sought to compel Ryan Nemeth into private arbitration, which would see the wrestlers’ contracts involved remain sealed. Now, a new report has given an insight into why that decision was taken.
AEW Cites “Substantial And Irreparable Harm”
Brandon Thurston of Wrestlenomics has obtained a copy of the filing from Khan and AEW, where it’s claimed confidentiality is required in order for the company to remain competitive in the wrestling industry.
In addition, allowing the contracts to be placed on the public record would “result in substantial and irreparable harm to AEW’s and Petitioner Khan’s business.”
“Any public interest in obtaining access to the terms of the Agreements is outweighed by AEWs legitimate interests in maintaining the confidentiality of the contractual relationship at issue.
Moreover, maintaining confidentiality of the terms between AEW and its Wrestlers and former Wrestlers, such as Respondent, is essential for AEW to remain competitive in the wrestling industry, and allowing the Agreements to be filed on the public docket will result in substantial and irreparable harm to AEW’s and Petitioner Khan’s business, which harm cannot be reduced or eliminated through any other reasonable means.
Moreover, redaction, or any other means, will not cure the harm that Petitioners stand to suffer if the terms of AEW’s confidential business relationships become accessible by its competitors.”
Ryan Nemeth currently appears in TNA alongside his brother Nic.