Attorney Hyun Dong-yeop, the legal representative of Big Planet Made Entertainment (hereinafter BPM) CEO Cha Ga-won, said regarding the recent series of controversies, "The substance of this case is an illegal plot in which Knowmerce, Cha Jun-young and The Fact Co. colluded to hostilely acquire BPM," and declared a strong intention to take legal action.
■ Knowmerce's breach of contract sparked the dispute…refusal to return advance payments is "lawful collateral securing"
Attorney Hyun Dong-yeop said of the dispute with Knowmerce, "The trust relationship has completely collapsed due to Knowmerce's clear breach of contract, such as the service disruption of 'From,'" and added, "We are simply holding the advance payments as collateral for set-off until a claim for damages for the losses incurred in the situation where it is no longer possible to proceed with the contract and a settlement of the dispute is reached." He emphasized that this is a lawful exercise of legal rights arising in corporate disputes and that accusing this of fraud distorts the essence of the case with a malicious frame.
■ "Cha Jun-young and Knowmerce's attempt at a hostile M&A…shaking management with false information"
In particular, Attorney Hyun Dong-yeop defined the purpose of this hundreds-of-billions-of-won fraud complaint as "seizing management authority."
Attorney Hyun said, "This complaint is a false accusation filed in collusion by Cha Jun-young and Knowmerce to systematically steal CEO Cha Ga-won's company and its signed artists," and criticized, "They have been spreading false information and manipulating public opinion to justify their illegal hostile takeover efforts."
In fact, the court has already granted CEO Cha Ga-won's application for a provisional injunction to prohibit publication regarding a misreport by the ?h media. Accordingly, Attorney Hyun Dong-yeop plans to file a damages suit seeking 100 billion won against the media outlet that, in collusion with Cha Jun-young, inflicted serious damage through malicious reporting.
■ management deterioration caused by malicious attacks leads to "unpaid artists"
Attorney Hyun Dong-yeop pointed out that the hostile attacks and false reporting by these external forces are the fundamental cause that brought about the company's real management crisis.
Attorney Hyun said, "The company's external credibility fell and the financial environment worsened because of the other side's illegal operations and malicious articles, causing serious setbacks to management," and explained, "The current situation of unpaid artists is also an unfortunate result that occurred as the company's cash flow was distorted due to these external pressures." In other words, those who drove the company into crisis are trying to use that crisis as a pretext to seize the company.
■ "confident of proving innocence through police investigation…sufficient evidence in seized items"
Regarding the ongoing police investigation, Attorney Hyun Dong-yeop expressed confidence in their innocence. Attorney Hyun said, "The documents secured through the search and seizure are already the normal contract-related materials that the defense was preparing to submit for explanation," and added, "In particular, the seized mobile phones are full of evidence that will prove CEO Cha Ga-won's innocence and uncover the other side's collusion, so we will actively participate in the forensic process to achieve a decision of non-prosecution."
Finally, Attorney Hyun Dong-yeop said, "We will not bow to the other party's malicious claims and will make the truth clear," and added, "To normalize the company and protect the artists, we will take all civil and criminal legal measures with a zero-tolerance policy against spreading false information and defamation."
[photo] OSEN DB
[OSEN]