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Financial Instrument Investor Litigation

Introduction

Our Financial Investor Litigation team's highly skilled and experienced attorneys and accountants provide specialized representation to the growing number of financial investors who have been harmed. We specialize in financial investment issues, including stock price manipulation, fraudulent accounting and inadequate auditing, minority shareholder rights, share purchase price determination, mis-selling of funds, futures option damages, derivative litigations, and stock option grant disputes, etc. 

Major Business

Responding to victims of investments in stocks, bonds, funds, futures, options, specific money trusts, ELS, DLS, ELW, and ETFs

- Litigation of damages by victims against companies, external auditors, trust companies, related employees, regulators, etc.
- Criminal prosecution/charges related to financial product investment damages such as financial fraud, stock price manipulation, fraudulent accounting, and violation of the Capital Markets Act
- Mediation of financial disputes such as financial fraud, stock price manipulation, fraudulent accounting, violation of the Capital Markets Act, etc. 

Responding to minority shareholder rights and damages

- Mergers, business transfers, comprehensive share exchanges, and share purchase price determination resulting from the exercise of the right to request sale of shares
- Responding to the freeze-out of minority shareholders, claim for damages and determining share purchase price
- Request and preliminary injunction for access to shareholder list, accounting books, etc.
- Responding to shareholders' meetings, request and preliminary injunction for permission to convene extraordinary shareholders' meetings, and preliminary injunction for agenda determination 
- Derivative litigation related to embezzlement, breach of trust, etc. of company officers, criminal charges/accusations
- Request for dissolution of company, request for appointment of auditor

Responding to investment victims of financial institution misconduct

- Cancellation of contracts for incomplete sales of various financial products, including funds, bonds, specific monetary trusts, ELS, ELW, DLS, etc., claim for damages, and applications for financial dispute mediation
- Claim for damages due to unfair counter-sales and rollovers of derivatives such as stocks and futures options, and applications for financial dispute mediation
 

Major Performance

Litigation for damages for fraudulent accounting, inadequate auditing and misleading disclosures

- Damages for investors in DSME Corporate Bond (represented 14 institutional investors)
- Damages for investors in DSME (represented 7 institutional investors)
- Damages due to deficient auditing of Taihan Cable & Solution's fraudulent accounting
- Ostem Implant's false disclosure case (represented institutional investors)
- Damages due to false disclosure of Kolon TissueGene and Kolon Life Science Inbosa
- Damages due to fraudulent accounting of Samsung Biologics
- State compensation for Samsung C&T and Cheil Industries merger
- Haewon ST's fraudulent accounting and deficient auditing
- Fraudulent accounting and deficient auditing of Hansol SeenTec (represented 3 major pension funds and 4 asset managers)
- Wooyang HC's fraudulent accounting and deficient auditing 
- Damages due to AJS's fraudulent accounting and deficient auditing
- EXA E&C's fraudulent accounting
- Kookje Construction Company's fraudulent accounting
- Cecile's fraudulent accounting
- Tozai Holdings' fraudulent accounting and deficient auditing
- MCTT Core's fraudulent accounting and deficient auditing
- Daeyang Global's fraudulent accounting and deficient auditing
- JH Cos' fraudulent accounting and deficient auditing
- DH Fashion's fraudulent accounting and deficient auditing
- UI Energy's fraudulent accounting and deficient auditing
- Compensation for damage due to the misleading investment prospectus of China Gaoxian 

Litigation for damages due to stock price manipulation 

- Compensation for damage due to CL International's stock price manipulation 
- Criminal complaint against BioVill's stock price manipulation
- H&T's stock price manipulation
- EXA E&C's stock price manipulation
- Gloworks’ stock price manipulation
- KDC's stock price manipulation

Litigation to enforce minority shareholder rights

- Request for dissolution order of Korea Rotary, provisional injunction on shareholder list, derivative litigation
- Derivative litigation against Sewontech
- Derivative litigation against Tailim Packaging
- Derivative litigation against SPC group
- Request for access and copying Alteogen's shareholder list
- Injunction against the issuance of new shares to SK Telink
- Injunction against AtlasBX shareholders' meeting
- Responded to the Financial Supervisory Service in connection with the calculation of the merger ratio of Samkwang Glass and obtained an injunction to access and copy the accounting books
- Injunction suspending the execution of Ui Energy, request to convene an extraordinary general meeting of shareholders, etc.
- Acquisition of Araontech by minority shareholders
- Invalidation of the capital reduction against Douzone Das
- Injunction accessing and copying Millinet's shareholder list, request to convene an extraordinary general meeting of shareholders, etc.
- Annulment of the resolution of the general shareholders' meeting of Artis, injunction against execution
- Injunction against the issuance of new shares of Hi Investment & Securities
 
Cases of share purchase price determination for minority shareholders and response to the freeze-out of minority shareholders

- Share purchase price determination of Taelim Paper
- Litigation for damages by minority shareholders who were frozen out in the share merger of Saint-Gobain Korea
- Share purchase price determination of a Japanese semiconductor equipment company
- Share purchase price determination of POSCO ESM
- Share purchase price determination of AtlasBX
- Share buyback request and share purchase price determination of Empark Holdings
- Share buyback request and share purchase price determination of Insunet
- Case on the share purchase price determination for shareholders dissenting from Hanil Syntetic Fiber's merger
- Case on the share purchase price determination for the merger of Secron, a subsidiary of Samsung Electronics 
- Share purchase price determination for shareholders dissenting from Chungju MBC/s merger
- Share purchase price determination of Sports Toto
- Request sale of shares of J Savings Bank

Litigation for damages related to wrongful or illegal acts by financial institutions and others

- Damages due to improper offset of Nikkei225 options 
- Contract cancellation of the Optimus Fund and damages (professional investors)
- Contract cancellation of the Australian NDIS Fund and damages (represented institutional investors)
- Damages for defective prospectus of a Russian fund
- Damages for KOSPI200 Option of Korea Investment & Securities
- Damages for mis-selling of specified money trusts of Korea Investment & Securities
- Litigation for damages for the loss of H Securities' investment in the Las Vegas DREW Hotel
- Advised Samsung Asset Management on wrongful rollover damages for crude oil ETFs
- Advised on damages for discretionary wrap account
- Damages for DLS mis-selling of Korea Investment & Securities
- Leadis Technology (NASDAQ-listed company) stock option dispute
- Damages for incomplete sales of Dongbu Securities
- Damages for discretionary trading of Daishin Securities 
 

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