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Larry Kasanoff asks bankruptcy court to affirm his company's rights to fighting franchise, claims copyright on dozens of series' most famous characters.
Media giant offers to buy assets of bankrupt publisher, including Mortal Kombat and Wheelman; deal would not cover TNA license, San Diego and Newcastle studios.
Bankruptcy-court objection predicts publisher will burn through 75 percent of cash reserves by early May; Variety reports company struggling to retain Mortal Kombat cocreator.
Chicago-based publisher's employee-incentive plan lists selling off flagship fighting IP as "milestone"; reps downplay option as "just one possible scenario."
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