, a leading K-pop label that produced many outstanding artists, is suffering from internal conflict due to a legal battle between the founder,On the afternoon of February 8, Lee Soo Man announced that he had submitted an application for a provisional injunction to the Seoul Eastern District Court to ban SM Entertainment's issuance of new shares and convertible bonds through the law firm. Recently, Lee Soo Man's side argued against SM Entertainment issuing 1.23 million new shares and 1.
It is expected that the legal battle between Lee Soo Man and SM Entertainment will be focused around March 6 because March 6 is the date when Kakao can legally take over the shares that SM Entertainment issued on February 7. On this day, Lee Soo Man's side requested the court" to appoint an interrogation date as soon as possible before March 6 and to make a decision to quote a provisional injunction According to the music industry and close associates, Lee Soo Man has already expressed that he felt betrayed when all 12 requests of Align Partners, an activist fund from January 20, were accepted without his consultation.
Align Partners is a minority shareholder in SM Entertainment with a 1% range stake, but the year before last, Align demanded the improvement of the structure in which Lee Soo Man had complete control over album planning after signing a contract with SM Entertainment through his company, Like Planning.
Under Section 21(1)(a) of the Companies Act 2016. A company may sue and be sued in its name. (Malaysia). Like the case of Foss V Harbottle.
“despite having an arm fractured” sorry lmfao 💀
I feel bad for u :(
He’s so uqly. just like exo members
He’s gotta make sure he keeps getting those royalties
Is this how you treat elders ? people should be thankful to LSM he has done for Korea so much netizens couldn't even as together can do it like him like ever... He should sue everyone,i don't about the case I'm totally prejudice bcoz i love Aespa and rv Father
he suing himself?
Wow finally suing on his own after years getting sued
They really twisted that arm trying to get him out of that company 🤣
And we should pity him because?
I hope the trial will be broadcast on TV 😍
An arm fracture does not prevent someone from flying?
They man it seen as if the man just had heart surgery🤣🤣🤣
bring him to a chiropractor!
it’s only an arm fracture 💀
Fighting
Should I cry?
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