Has yet another SM Entertainment (SME) star filed a lawsuit against the company because of an invalid contract? Breaking news out of the KPOP community is that EXO member Luhan has filed suit in Seoul Central Court.
Popular Chinese media site, Sina, claims it has exclusive information about the lawsuit which was filed just today (in Korea).
Luhan is reportedly seeking to nullify his contract with the company by getting it declared invalid.
According to reports, SM’s stock dropped more than 9% with the news that yet another artist is seeking to leave the company. SM stock is at its lowest since Oct 2013.