Of the 10 members of the group The Boyz, the court has granted an injunction filed by nine members, excluding New, to suspend the effect of their exclusive contracts with their agency One Hundred Label.
Kim Moon-hee, an attorney at the law firm YulChon representing the nine members of The Boyz, said on the 24th that the court the previous day granted their request for an injunction to suspend the effect of the exclusive contracts.
Attorney Kim said the court acknowledged that the agency breached its obligation to pay settlement funds, failed to fulfill its duty to provide settlement data to verify the propriety of the settlements, and, further, did not perform core obligations under the exclusive contracts, such as management support and the duty to protect the artists, and that, taken together, the trust between the parties had broken down to a degree that would be difficult to restore due to the agency's fault.
One Hundred Label argued that the contract payments already made to The Boyz members were in the nature of advances, but the court rejected this on the grounds that payment of the signing bonus and the distribution of settlement funds based on revenue are stipulated as separate clauses.
Attorney Kim added that The Boyz will, limited to schedules already confirmed before termination of the exclusive contracts, keep their promises to fans and carry them out faithfully and responsibly to minimize harm to good-faith third parties.