The legal dispute between SM Entertainment and JYJ (Kim Junsu, Kim Jaejoong, Park Yoochun) has finally come to an end through an agreement after three years and four months.
According to judicial circles, SM Entertainment and the three members of JYJ came to an agreement on the 28th to settle the termination date of any and all contracts between the two parties as the 31st of July, 2009, the date that JYJ filed their injunction of nullification. Also, it has been found that they have decided to drop all related lawsuits and have signed an agreement stating that they will not interfere with any activities that the other party pursues.
SM Entertainment said, “The trio stated that they have no intention of performing as members of the group ‘TVXQ’, so SM has come to the decision that we no longer have a reason to be in charge of management for the trio. We have come to a mutual agreement to not interfere with the other party’s activities as our paths will not cross in the future, and the lawsuit has come to an end through this agreement. Also, we have come to the decision that the best course of action was to end this lawsuit to ensure that there will be no more additional damages or unnecessary issues that arise because of the lawsuit that may harm U-Know Yunho and Choikang Changmin, who are currently active as ‘TVXQ’.”
CEO Baek Chang Joo of C-JeS Entertainment stated, “We believed that this was a battle that had already been won three years ago when the courts accepted our injunction. To be honest, we don’t believe that there will be much change to JYJ’s activities after the verdict because the interference of JYJ’s activities isn’t a legal issue, but a battle between David and Goliath.” He also added, “We are currently walking down a path that only JYJ could take, and we will continue to pursue our own activities, as planned,” and “We hope that the success of this agreement will rectify the various limitations placed upon JYJ that used the lawsuit as an excuse, and we would like to once more sincerely thank the domestic and international fans who have given JYJ their unwavering support from the start.”
Source: [Nate News]
Translated & Shared by: dongbangdata.net
Re-up by: iMickyCassie