Actor Lee Jung files lawsuit for damages, company sued responds: ”Stop your unfair attempts”

Lemon Rain has made its position clear in relation to a lawsuit filed against it by Artists United, of which actor Lee Jung-jae is the largest shareholder, seeking damages.
On the 10th (today), Lemon Rain's side stated, "Lemon Rain decided to join forces with Artist United, whose majority shareholder is actor Lee Jung-jae, due to his network.
"We believed that with this and the capital, Lemon Rain could dream of going global, and Artist United presented a specific method to persuade us," he said.
The investment was made by way of a paid-in capital increase, in which all the investor's capital flowed into the company without any financial interest on the part of the individual, purely in good faith for the benefit of the company. The individual representative received a management premium.
"Without any doubt, we have made the firm decision to step down from our position as the largest shareholder and have never received a single penny of financial benefit in return for any shares," the company began.
He continued, "However, Artist United said that Lemon Rain was different from what was discussed before the investment.
It has been said that the company is using the funds from the SEC to take over the currently suspended listed company Enter.
He has never visited the company even once, nor has he presented a concrete vision for future management. In response to this, the current management team, including myself, believes that taking on a listed company that is separate from Lemon Rain's main business is
The response we received was that they would hold an extraordinary general meeting of shareholders to change the CEO and company name, resign and replace all members of the board of directors, and amend the articles of incorporation.
"It was a unilateral notice to close the company," he said. "For the past 18 years, all the employees of Lemon Rain have worked together to develop the content, and we are now closing the company in a deliberate manner.
As the representative director and chairman of the board of directors, I cannot go along with the efforts to defraud management rights that are being driven by shareholder interests.
As the head of Lemon Rain, I want to protect the employees of Lemon Rain who have been digging for 18 years, even if it means suffering personal losses, and it is only natural that I have to do that.
"We believe that Lee Jung and other investors should stop these unfair attempts and engage in serious and rational dialogue for the growth and development of Lemon Rain.
I want you to come out to the field," he added.