SM Entertainment has been in a legal battle with former members Kris, Luhan, and Tao of EXO for contract nullification. In the case of Tao, there was also a part of his lawsuit for money he has asked and advancement on to take his break back in April. During that time, Tao filed the lawsuit against SM to terminate his contract instead.
After much time in the courts, SM Entertainment released on official statement saying they won case pertaining to the money Tao borrowed.
“SM has ongoing lawsuits against EXO members Wu Yifan (Kris), Luhan, and Tao for violating their exclusive contracts and partaking in illegal promotions in China. Among these lawsuits, SM filed a lawsuit against Tao for failing to repay SM on October 13, 2015. An intermediate court in Qingdao, China made the verdict that Tao is to repay SM Entertainment as well as interest for the delayed payment.
After Tao left EXO without notice last April, he asked SM for temporary payments. SM provided the temporary payments in order to faithfully fulfill our role as his agency. However, despite clearly knowing the bank account number, he failed to pay back the temporary payments within the promised time. Then he went against common sense and filed a lawsuit to nullify his contract.
“SM will not dwell on this ruling and will pursue legal action against all actions that are unlawful and violate SM and EXO’s rights and interests. We will represent the good intentions of victims and work to prevent damage toward Korea and China’s cultural exchanges that was caused because of Kris, Luhan, and Tao’s illegal actions and breaches of contract.”
All three gentlemen are still in legal battles for the nullification of contracts with their former agency. Kris, Luhan, and Tao are all being represented by the same law firm who represented Han Geng for his legal battle with SM Entertainment. How do you feel about this new development? Let us know your opinion.
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Edited by: Morgan Oswald