Wednesday, 3 April 2013

Settlement Reached Between Rain & Star M on 2013.03.20

[Apr-02-2013] Rain's case against Star M is dropped by mutual consent.

Singer Rain lodged a ₩ 4 billion compensation claim against 'Well Made Star M Inc.'  (hereafter referred to as Star M), which was in charge of his World Tour concert in 2006~2007, claiming that it had unilaterally cancelled his concert in the USA, but he dropped the suit on the 20th of last month as it was resolved through settlement prior to court.

The details of the damages included ₩ 2.7 billion (Rain paid Click Entertainment, the local subsidiary in Hawaii, due to the cancellation of his concert in the region) and ₩ 1.3 billion (Rain brought an action of libel against Star M and demanded ₩ 1.3 billion in compensation.)

According to an official from Star M, "The case is closed by mutual consent, and Rain and Star M have consented not to disclose the full details of the agreement."

Brief English translation by 화니  at The Cloud
Source credit:  News1

[Note ₩ 4 billion = $3,577,272 (over 3.5 million USD) ]

Romanian Translation by Benghi

Decizie stabilita intre RAIN si Compania Star M pe 20.03.2013

[Apr-02-2013] Procesul lui RAIN impotriva Star M este renuntat cu comun acord.
Artistul RAIN a depus o compensatie de 4 milioane de Woni impotriva "Well Mde Star M Inc." (referita apoi ca Star M),care se ocupa ce turneul sau World Tour din 2006-2007,revendicand ca i-a anulat concertele sale din SUA,dar a renuntat la proces pe data de 20 ale lunii trecute,datorita faptului unei intelegeri dinaintea procesului.

Detaliile pierderilor au inclus 2.7 bilioane de Woni (RAIN a platit Click Entertainment,o filiala locala din Hawaii,datorita anularii concertului sau in acea regiune) si 1.3 bilioane de Woni (RAIN a inaintat o actiune de calomnie impotriva Star M si a cerut 1.3 bilioane de Woni pentru compensare).

Conform spuselor unui oficial de la Star M,"cazul este inchis prin comun acord,si RAIN si Star M au cazut de acord in a nu dezvalui detaliile complete ale intelegerii".

[Nota 4 bilioane de Woni = $ 3,577,272 (peste 3.5 milioane de USD)]

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