Supreme Court Partially Reverses and Remands BNK Securities' ABCP Lawsuit
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Supreme Court ruling on BNK Securities' CERCG-related ABCP default lawsuit.
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Partially reverses and remands the lower court's decision on delay damages for tort claim under Civil Act Article 750; dismisses remaining appeals.
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Plaintiff BNK Securities, defendants Hanwha Securities and eBest Securities (LS Securities).
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The lawsuit is voluntarily disclosed as below a certain threshold; limited impact relative to company's equity.
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The company will respond through legal procedures.
KOSDAQ Filing Information
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Judgment Or Decision On Lawsuit, Etc. (Voluntary Disclosure: Claim Below Specified Amount)
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Company: LS SECURITIES (078020)
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Submission: LS SECURITIES Co., Ltd.
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Under KRX KOSDAQ Market Division
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Shares: 55,481,190
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Price: 8,290 KRW
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Market Cap: 459.9 B KRW