SM Entertainment has released a statement in regards to crucial evidence that is to be provided, for their current lawsuit with TVXQ. As many of you already know, SM Entertainment and TVXQ had their first hearing with the courts earlier today.
At 10:20AM KST on August 21st, SME applied for an injunction in rebuttal to providing confidential documents as they should not be released to the public.
SM said, "The process of settlement procedures, materials, and the company's trade secrets cannot be exposed to the media, as they would be fatal for the company."
The courts have however stated that the confidential information will be safe, and that they will only be reviewed by specific individuals and not released to the public.
SM Entertainment will have to submit all documents by September 11th, 2009. And with the release of these documents, TVXQ's payment settlement issues may be resolved.
Meanwhile, at least 120,000 TVXQ fans have signed a petition for TVXQ's "unfair" contract and submitted to the Seoul District Court on the 20th.
Source: allkpop
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Sun Oct 06, 2013 12:01 am by missnotsopopular
