EXO-CBX file felony lawsuit in opposition to two SM Ent. executives

EXO members Chen, Baekhyun and Xiumin have filed a felony lawsuit in opposition to SM Leisure‘s Chief A&R Officer and certainly one of its co-CEOs.

In response to studies by The Korea Times and Korea JoongAng Daily, Chen, Baekhyun and Xiumin – additionally know as EXO-CBX – filed the lawsuit in opposition to SM Leisure’s Chief A&R Officer Lee Sung-soo and co-CEO Tak Younger-jun.

The Korea Occasions studies by the trio has reported the 2 SM Leisure executives to the police on fraud costs, whereas Korea JoongAng Each day added that the lawsuit accused the duo of violating South Korea’s Aggravated Punishment of Particular Financial Crimes act.

The singers alleged in a press convention earlier this month that the company had did not honour a earlier settlement to permit a lowered fee price of 5.5 per cent for music distributed via Kakao Leisure, a subsidiary of SM’s mum or dad firm, Kakao.

SM Leisure responded to the press convention by submitting a civil go well with in opposition to the three members, alleging that that they had been avoiding paying a ten per cent royalty cost for 2 months.

Following this, the EXO members shared that they had been planning to countersue the company, including that they had been ready to “disclose every little thing” together with the negotiations that came about throughout their June 2023 dispute. “We’ll file a lawsuit in opposition to the corporate for a settlement of accounts, which we've at all times been suspicious of,” they stated.

In June 2023, Chen, Baekhyun and Xiumin grew to become embroiled in a dispute with SM Leisure after unilaterally requesting to terminate their contracts with the company. On the time, the singers cited “mistreatment and unfair contract phrases” as the rationale for his or her request.

That battle had gave the impression to be resolved after they reached an settlement to take care of their present contracts as EXO members whereas pursuing their solo careers below INB100, a label based by Baekhyun.