A Seoul court has rejected Min Hee-jin's request for an injunction to reinstate her as ADOR CEO. The ruling was made on Tuesday October 29, 2024 amid an ongoing feud with HYBE.
The Korea Times reported that the Seoul Central District Court dismissed the case because the claims did not meet the requirements to be a legal basis for a court ruling. This refers to ADOR's board of directors re-nominating Min Hee-jin in October 2024 to serve as an internal director of the company's board of directors for the next three years.
The party agreed to give the position to Min Hee-jin again in the next period. The period will take place on November 2, 2024 or one day after the end of the current period on November 1, 2024. The decision was considered a compromise offered by the company to the former ADOR CEO.
However, Min Hee-jin still believes that he should also return to his position as ADOR CEO. However, the court ultimately rejected Min Hee-jin's request, so the position of ADOR CEO is now still held by Kim Ju-young who was appointed to replace Min Hee-jin on September 25, 2024.
Previously, Min Hee-jin filed a court order in September 2024 to challenge the board of directors' decision to remove her from her position as ADOR CEO after HYBE accused her of trying to take over ADOR and the main group, NewJeans.
On the other hand, HYBE said that Min Hee-jin's dismissal was not related to the shareholder agreement. It also claimed that the agreement between HYBE and Min Hee-jin had been terminated so that the legal effect did not apply. "So after the agreement is terminated, the legal effect is void.
A lawsuit has been sent to confirm the termination of the shareholder agreement and we are waiting for the court's decision," HYBE said. "The decision to dismiss Min Hee-jin as CEO was made independently by ADOR's board of directors as part of a business management decision.
It is unrelated to HYBE or the shareholders' agreement," HYBE continued some time ago. HYBE and Min Hee-jin's feud has been going on for the past few months after HYBE conducted a surprise audit over Min Hee-jin's alleged attempts to take over ADOR from HYBE as its largest shareholder.
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