Boom loses lawsuit for contract termination paying up to 400 million KRW for loss

[-ochre.livejournal.com]

Boom loses lawsuit for contract termination with The Show Entertainment, paying up to 400 million KRW for loss



Boom (Lee MinHo) has been known to have lost a lawsuit with his previous management company in a court battle regarding contract termination. And he has to compensate an amount of 400 million KRW for loss from contract termination to the company.

An official from Seoul Central Court said on 23rd August, “The defendent will have to pay 468 million KRW.”

Boom has been signed on with The Show Entertainment from 2005 to 2010 and the contracts include exclusive belonging rights terms, and last July, Boom has revealed that he suffers from unjust taxes, unfair distribution of profits for album sales, loss of image through forced participation in night businesses.

With that, The Show Entertainment has filed for a lawsuit last December on loss from unilateral termination of contract on Boom’s side.

The trial department said, “There is no evidence proposing the 60% profits distribution in the exclusive belonging right terms from the calculations given by the defendent. Hence it is hard to acknowledge the reasons for the defendent’s termination of contract.”

Source: sookyeong

Omona :(

Comments

[alphaeuspawns.livejournal.com]

AWWW BOOM ): 2PM AND LEETEUK&EUNHYUK WILL TAKE CARE OF YOU ):

[prototypic.livejournal.com]

DDDDDDDDD:

[wrongbyright.livejournal.com]

Urgh. This sucks. D:

[toshiya.livejournal.com]

Man, this sucks :\

[gabbeeee.livejournal.com]

loss of image through forced participation in night businesses

wtf?! did they make boom whore himself out?!

[ashiva.livejournal.com]

mte

[crypticbluerose.livejournal.com]

Shyt!!!
hope it don't hurt too much

[ageneshi.livejournal.com]

Poor Boom. D: :(

[rockthecliche.livejournal.com]

this is such bull.

[fseventh.livejournal.com]

Oh Boom ;__;

[herro-kitty.livejournal.com]

JOIN JYP BOOM!

[alphaeuspawns.livejournal.com]

HAHAH THIS

[zomoandzo.livejournal.com]

OMG BOOM :(

[nene718.livejournal.com]

No Boom :(

These entertainment companies are so fucking ridiculous.

[jing-16.livejournal.com]

WHAT?!

i know it is different, but i can't help but worry about jaechunsu's lawsuit even more now.

[swtazndork.livejournal.com]

mte. it just makes me think of how serious the consequences may be if they loose the lawsuit. =|

poor Boom. 400 million won. ouch. D=

[ficcy.livejournal.com]

Someone needs to reassess these contracts. They're fucking ridiculous. :\

[honeydice.livejournal.com]

I think dbsk is the only artist that can afford to sue their company.

[blooberrie.livejournal.com]

lol judging by the amount SM pays them and how much money terminating their contract would take (something billion KRW), I don't think anyone can afford it.

[stopthedisco.livejournal.com]

:[ 2PM still loves ya.

[angel-fied.livejournal.com]

Damn it.

[toshiya.livejournal.com]

sadhdjkasd
your icon.
*dead*

[keysu.livejournal.com]

;_; My beloved Boom!

[age-b.livejournal.com]

Oh... god..
This is bad news, really.. i feel so bad for him now...
I just hope he is able to pay that much... he should be, with all the shows he's on..

but really... T___T Boom~
and wth are "night businesses" in this case please?

[sabaku-no-leti.livejournal.com]

468,000,000 Won = 262,140 Euros / 375,804 Dollars... D:

[wondererx.livejournal.com]

yeah i was doing the conversions
ugh that must hurt a lot :/

[silent-shout1.livejournal.com]

I find Boom strangely attractive... and I don't know why.

[elevatas.livejournal.com]

me too...I just go with it.

[qvinx.livejournal.com]

this is a shame, i had no idea this was going on :O
and didn't know his bonmyung was lee minho! :D

[xcherryblossomx.livejournal.com]

I want a small boom picspam to cheer me up

[jaejoongluver.livejournal.com]

pooor boom !!!! :( alll the entertainment companies are pissing me off the only one that hasn't pissed me off is jyp

[penipenpen.livejournal.com]

THIS SUCKS.
It's sad. DDDDD:

These kind of contracts should be terminated. It's making the artistes work for nothing.