HYBE Appeals First Trial Ruling in Lawsuit for Stock Purchase Payment (Case No. 2024 Kahap 110222)
HYBE has appealed the first trial ruling that ordered them to pay 25.5 billion won for the stock purchase payment following former ADOR CEO Min Hee-jin’s exercise of her put option.
According to legal circles on the 20th, HYBE filed a notice of appeal the previous day (19th) with Civil Division 31 of the Seoul Central District Court (Presiding Judge Nam In-soo), which heard the lawsuit for the stock purchase payment.