FIFTY FIFTY is currently embroiled in a legal battle with their agency ATTRAKT over contract termination. However, a recent report refuting the validity of one of the lawsuit’s claims regarding a settlement issue added to the twist to the ongoing legal saga.
On the 4th, Dispatch reported that FIFTY FIFTY’s settlement is still in deficit, and Jeon Hong Jun, the CEO of ATTRAKT, showed concern for the members’ health.
Previously, the legal representative for FIFTY FIFTY, law firm Barun, claimed the reasons for the lawsuit were due to “non-transparent settlements, unfulfilled contractual obligations such as forcing to continue activities despite the difficulty due to health conditions, among other issues.”
However, texts between Jeon and Ahn Seong Il, the CEO and producer of The Givers, Dispatch released say otherwise. Ahn wrote to Jeon, “It’d be definitely good to do the Barbie OST. So I’ll try to persuade and talk with Aran first.” On the other hand, Jeon texted back, “(Doing the OST) is good for the members, the team, and the company, but as it’s a health issue, try to communicate well to avoid any misunderstanding from the parents and the girls.”
Moreover, Jeon invested a total of one billion won (about $768,000) for just the act’s MV, and additional costs such as members’ accommodation and training fees were incurred. The settlement for FIFTY FIFTY was still in the red.
Meanwhile, ATTRAKT recently filed a complaint against Ahn and three others on charges of business obstruction, destruction of electronic records, fraud, and embezzlement. The Givers announced a countermeasure, stating, “We will legally respond to the false accusations and continuous spread of false information.”