OMEGA X's agency IPQ has announced updates regarding the group's lawsuit against their former company SPIRE Entertainment and YouTuber In Jin Woong.
Read more to learn further details.
IPQ Announces Updates Regarding OMEGA X's Legal Battle Against SPIRE Entertainment & YouTuber In Jin Woong
On April 1, IPQ released an official statement that disclosed the updates regarding OMEGA X's lawsuit against SPIRE Entertainment and YouTuber In Jin Woong.
According to the statement, the group had won the main lawsuit against SPIRE. Moreover, the agency also shared details of their lawsuit against In Ji Woong, a YouTuber who according to the statement, had damaged OMEGA X's reputation by spreading false information online.
To conclude the announcement, IPQ shared that the agency will do its best to protect the group and asked for everyone to refrain from distributing baseless remarks.
"Hello. This is IPQ Inc.
We would like to inform you of the results of our litigation against SPIRE Entertainment regarding OMEGA X's exclusive contract termination.
In January 2023, OMEGA X won a preliminary injunction lawsuit to suspend the effectiveness of their exclusive contract with SPIRE Entertainment and proceeded with a three-way agreement to terminate the exclusive contract and transfer the IP.
During the three-way agreement process, SPIRE Entertainment caused a reason attributable to spreading falsehoods and it was concluded that a main lawsuit was necessary. The main lawsuit aimed to terminate the exclusive contract through the Korean Commercial Arbitration Board.
On March 27, 2024, the Korean Commercial Arbitration Board acknowledged that Mrs. Kang Sung Hee, the wife of CEO Hwang Sung-woo of SPIRE Entertainment, and a member of the company's board of directors had committed assault, verbal abuse, molestation, and intimidation.
They have ruled that SPIRE Entertainment had violated the 'obligation to guarantee personal rights' in the agency contract, which resulted in the loss of the agency's contract validity and its termination.
Additionally, the court recognized the substantial mental damage suffered by OMEGA X members due to the contract breach and tortious acts of Kang Sung Hee, SPIRE's former director, and ruled that the claim for damages was justified.
Prior to the ruling, SPIRE moved to stay the arbitration and resumption of hearing on the grounds that the tripartite agreement was due to tampering.
However, the arbitrator denied SPIRE's motion, stating that the tampering issue was not directly relevant to the validity's determination of the agreement at issue and the remaining circumstances are not sufficient to justify the hearing's resumption.
Accordingly, we would like to inform you of our position and the measures to be taken in the future."
