Saturday, January 01, 2011

Rain wins lawsuit against Hawaiian investor for 2007 cancelled concert

It was announced that Rain had finally won his lawsuit against an investor, "A", over his Hawaiian concert back in 2007.

On December 30th, the Seoul Central District Court put down the final judicial decision for 'A' to reimburse $880,000 to Rain’s concert management company in Hawaii.

In 2007, "A" invested approximately $400,000 USD towards Rain's concert in Hawaii, however after the concert's sudden cancellation, he filed a lawsuit against Rain's management company and representatives for loss ofinterest and investment earnings.

Source: BNT News via Nate
Credit: Allkpop

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