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[Alpha Biz=(Chicago) Reporter Kim Jisun] In a lawsuit filed by investors who suffered losses after investing in a Lime Asset Management fund against the seller, Daishin Securities, the second trial court partially sided with the seller, Daishin Securities.
The Seoul High Court's Civil Affairs Department 14-3 on the 21st ordered the court to return 1.95436 billion won, or 2.51499 billion won, to the four plaintiffs in a civil suit filed against Daishin Securities by broadcaster Kim Han-seok and announcer Lee Jae-yong.
Both the cautious claims filed by the plaintiff and the remaining preliminary claims were also rejected, and the court ruled that 20 percent of the total costs of the lawsuit should be paid by the plaintiffs and the rest by the defendant.
Earlier, a total of plaintiffs filed a lawsuit worth 2.5 billion won in February 2020, saying, "Ms. Jang, former head of the Banpo WM Center at Daishin Securities, sold the funds without properly informing them of the risk of losing the Lime Asset Management Fund."
Securities firms note that the first trial court ruled to return the entire investment in favor of the plaintiff, but the appeals court to return only 77% of the investment, reducing the responsibility of the securities firm, the fund seller, to return the investment.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
