The legal battle between Hybe and former CEO of Ador moviewho created the group of girls Newjeans (Minji, Hanni, Danielle, Haerin, Hyein), is intensifying while the court has decided to conduct a Joint review Of two legal actions: the confirmation of Hybe of the resolution of the agreement of an shareholder and the cause for the Put of Min Hee-Jin’s Put option.
Agreement for shareholders laws and post the controversy on the option to be joined
On April 17, the 31st civil division of the Court of the Central District of Soul held the second hearing for the case presented against Min, in search of confirmation of the resolution of their agreement for shareholders.
During the hearing, the Court investigated the separate cause Min Hee-Jin presented last November. In this case, Min has claimed about 26 billion KRW (about 18.3 million USD) in payment deriving from his exercise of a Put option, which he started after having announced his resignation as internal director of Ador.
The minor legal team explained that they are currently awaiting the court sentence, affirming, “This case concerns the confirmation of the termination of the contract, while the cause for the Put option is based on the premise that the contract has not been resolved. In this case, we are asking for a payment pursuant to the Put exerted option. The parties involved are different – an additional actor is included in the other case. The Put option was exercised when two defenders were exercised. While the case of the Put option involves three parts.”
They explained the temporal sequence, “To clarify the sequence: the actor (Hybe) requested the termination for the first time due to the alleged violation of the defendant contract (min). The accused, while claiming that the contract remains valid, exercised the put option in that premise. Subsequently, when the plaintiff corrected the alleged violation, the defendant then supported his right to stop the contract. The detention differ in reasons.
Hybe’s legal team replies while the Consolida audition court
Hybe’s legal team replied, “While both parties are actually claiming the resolution, legal reasoning depends on those who are guilty for the violation, which is the main question that we try to confirm. The defendant has not yet submitted a detailed refutation to our requests regarding the reasons. Once this response has been presented, we will be able to present a concrete plan for the presentation of the tests.”
In the end, the Court decided to proceed with a joint process for both cases, affirming, “We will proceed with simultaneous auditions”, to which both sides agreed. The next session is scheduled for June 12 at 14:10.
The civil division of the Court of the Central District of Soul granted Adr’s injunction to prohibit members of the Newjeans from working as a solo activities or sign advertising agreements outside the agency.
Although the Newjeans appealed on the same day, the Court rejected the appeal on April 16 to support the injunction and the independent activities for members. In response, Newjeans since then has presented an additional appeal, moving the case of injunction to a higher court.
