Backstage News on El Generico’s Signing, Possible HOF Inductors
– Regarding the TNA lawsuit against WWE, there was no financial settlement because TNA just dropped the case. Both sides agreed to pay their own legal costs.
– On a related note, the TNA lawsuit was the hold-up on WWE signing El Generico. WWE was about to sign him last June but they learned he had done two tryout matches with TNA in 2011. Generico got the phone call from WWE around the same time Ric Flair did. No word yet on what Generico’s gimmick will be or if he will lose his mask. He began working in developmental on February 4th.
– Nothing is official yet but people within WWE expect Lita to induct Trish Stratus, Bret Hart will induct Bob Backlund and Jim Ross will induct Mick Foley into the WWE Hall of Fame this year.