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[Updated] EXO's Luhan reported to have filed to nullify his contract with SM Entertainment + Stock prices start falling

By serendipity   Thursday, October 9, 2014   747,883   79,525   3,807

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Rumors had been circulating among fans that EXO's Luhan's absence at the past SMTOWN concert may not all be due to health reasons, and it seems the rumors may be right as reports have come out to reveal that Luhan has filed a suit against SM Entertainment to nullify his contract.


SEE ALSO: Fans ogle over EXO's stellar quality new goods


Many sources are indicating that Luhan has submitted his lawsuit at the Seoul Central Court this morning (10th KST). TVDaily also released a copy of the alleged application in which  the name 'Lu Han' can be seen.


The type of lawsuit he has filed, which is to determine that the contract is not valid and to nullify it, is the same one filed by former member Kris.


It's being reported that the same law firm that handled Kris's case is also taking on Luhan's.


SM Entertainment has responded to say that they're looking into confirming the situation.


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[Update] - SM's stocks have taken a dip as it dropped 3,100 KRW within 15 minutes of this news being revealed. For a month after Kris's lawsuit was revealed, SM's stocks had hovered about 30% below their normal. Combined with Jessica's news, this Luhan issue has now set SM 19% below what its price had been at the beginning of last month.


We've also reached out to our contacts in the industry, who revealed that fan rumors are actually quite on track. The rumors had suggested that Luhan gave SME a specific date to sort this out for he had wanted to avoid a lawsuit. However, it seems the date that SM had to respond by had passed as Luhan has now filed to get out of the contract.





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Tags:

  1. EXO
  2. EXO-M
  3. Luhan
  4. sm entertainment

hanjivara Saturday, June 20, 2015

SM made and ruined:

HOT

SHINHWA

TVXQ

and now EXO.

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MeiXue hanjivara • Wednesday, April 27, 2016

& SNSD OnO

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seoultower Saturday, April 25, 2015

is it allowed if he comes bsck to EXO

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xonassomxo Friday, November 7, 2014

FUCK. I missed a lot. omg ; wow.

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destiny95 Sunday, October 19, 2014

Troll-> 2NO1ANDEXIT

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GlowyMushroom Saturday, October 18, 2014

Luhaaan!!! :((( Exo won't be complete w/o you....or Kris..

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MeiXue GlowyMushroom • Wednesday, April 27, 2016

& Tao TTnTT

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Radia_Shams Wednesday, October 15, 2014

this is not impossible seeing how sm treats his idols....i was exo's biggest fan until kris left or he was technocally kicked out...i dont blv it a bit that the members had no idea about it watsoever...the solo concert was his dream too..he was tortured out of it...and now luhan..i see a particularly racist pattern here.and anyways i do want my favourite and these extremely talented idols out of that hellhole and join yg or jyp who obviously treats their idols better ;

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RizzaExoxD Tuesday, October 14, 2014


;Sad STORY :( ? My Bias Luhan Oppa :(

;Im Gonna Miss You :(

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adifferentshadeo Tuesday, October 14, 2014



Been lost for words the last couple of days. ; For you, my feelings all wrapped up in one song.

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Jasmyne_L Tuesday, October 14, 2014

THIS CAN'T BE HAPPENING!!!

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bbcrazed Tuesday, October 14, 2014

I am legitimately saddened by the news of Kris and Luhan's lawsuits against SM. Not that I'm a huge fan of SM as a label (because I'm really not) but because of the fact that eventually, they are/will no longer be associated with Exo as a group. Exo is, by far, one of the most talented groups that have debuted in the last few years so I'm really quite sad to see them go :'( However, I wish them the best and best of luck to the remaining members.

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