LOONA‘s company, Blockberry Creative, has lost their lawsuit against Donuts, their second largest shareholder.

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As reported by Star News on February 13, Blockberry Creative was ordered by the Seoul Central District Court to return Donuts’ investment in full.

Donuts’ reportedly invested nearly 3 million USD in Blockberry Creative’s parent company, Polaris Entertainment, reaching a total investment of 4.65 million USD for the two. Due to this, Donuts’ was affected by the breach of contract between the two companies.

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Moreover, when Donuts asked to see the accounting records to know where their investment was being used, the company would not show it.

They also claimed that LOONA failed to fulfill a contract that included participation in their related businesses.

The consequences of the court’s decision is expected to impact LOONA’s future activities.

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