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Labrish
Nyuuz
Min Hee-Jin offers to waive $20 million to end HYBE lawsuits
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[QUOTE="Queen, post: 87676, member: 27"] A KRW 29.25 billion court deposit landed on the exact same day Min Hee-Jin offered to give up every won if HYBE just stops suing everyone. Min Hee-Jin dangles a bold swap offer [LIST] [*]Min Hee-Jin offered to waive her 25.6 billion won payout. [*]Her condition demands that all litigation get dropped immediately. [*]NewJeans members and fan communities were named specifically. [*]Min addressed HYBE's Bang Si-hyuk directly at her presser. [/LIST] HYBE moved to stall the payout instead [LIST] [*]HYBE deposited KRW 29.25 billion with a Seoul court. [*]That cash secures a delay while appeals play out. [*]An appeal got filed on February 19 over shareholder terms. [*]Courts generally grant stays when funds are secured. [/LIST] Backstory involves a messy corporate blowup [LIST] [*]HYBE audited Min back in April 2024 over ADOR control. [*]Her shareholder agreement got axed by July 2024. [*]Min was booted as ADOR's CEO by August 2024. [*]She alleged the whole saga was whistleblower retaliation. [/LIST] NewJeans got caught in the crossfire badly [LIST] [*]NewJeans declared their departure from HYBE in late 2024. [*]The group lost an appeal blocking independent activities in June. [*]ADOR filed a damages suit naming member Danielle specifically. [*]Min wants that lawsuit killed as part of her deal. [/LIST] Min closed her ADOR chapter for good [LIST] [*]ooak Records is her freshly launched label venture. [*]The press conference took place in Seoul's Jongno district. [*]Min framed it as choosing creation over courtroom fights. [*]Seoul Central District Court had already sided with her. [/LIST] [/QUOTE]
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Labrish
Nyuuz
Min Hee-Jin offers to waive $20 million to end HYBE lawsuits
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