[Breaking News] Namyang Dairy Owner Family Loses Management Rights Dispute... Supreme Court Rejects Appeal
Hong Won-sik, chairman of Namyang Dairy Products, and his family owners have ultimately lost the management rights dispute lawsuit. As a result, after about two and a half years of litigation, the private equity firm Hahn & Company secured the management rights of Namyang Dairy Products.
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The Supreme Court's 2nd Division (Presiding Justice Cheon Dae-yeop) on the 4th dismissed the appeal filed by Chairman Hong's side in the final appeal of the stock purchase contract enforcement lawsuit filed by Hahn & Company against the Hong family, confirming the original court ruling to enforce the stock purchase contract signed with Hahn & Company.
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