An Il-woon Partner Attorney, interviewed by Outstanding, a IT-specialized news media, regarding the Pa Do-sa incident lawsuit.

Veat’s Anil Moon Partner Attorney has detailed the Padusaite, a company that successfully went public after raising a large investment and then saw its stock price and market capitalization suddenly decline, leading to a mass lawsuit, based on professional opinions regarding the company, through the content of the Outstanding interview with IT specialist news media.

For more detailed interview content, please refer to the following article. Regarding investment, corporate advisory and legal advice related to this interview, please contact Veat Law Firm at any time.

Besides the market situation, Padu successfully raised a large investment and went public, then saw its stock price and market capitalization suddenly decline, leading to a mass lawsuit, which has attracted considerable attention. An-il Moon Partner Attorney has detailed the Padusaite, a company that successfully went public after raising a large investment and then saw its stock price and market capitalization suddenly decline, leading to a mass lawsuit, which has attracted considerable attention. Through the content of the Outstanding interview with IT specialist news media.

- How much did Padu not know about the second quarter performance before going public? – Easy and fun IT news, Outstanding!

In a typical damage compensation lawsuit, the defendant must prove the cause of damages and the exact amount of damages incurred, and the victim must prove it.

However, the Capital Markets Act stipulates that in cases of damage compensation lawsuits related to false or omitted information in the prospectus and investment explanation, if only the decline in stock prices is caused by false or omitted information, then the damage compensation amount is calculated by subtracting the stock market price at the end of litigation from the price at which the shares were acquired.

(Capital Markets Act Article 126 Paragraph 1)

Source: Outstanding (https://outstanding.kr/)

Anil Moon Partner Attorney has a deep understanding of the mechanisms of companies as a former developer from a major corporation, and has accumulated abundant practical experience through the performance of various corporate advisory and legal counsel roles. As a legal mentor attorney for ICT startups of the Ministry of Science and ICT and a legal instructor for the ‘2020 Venture Startup Investment Academy’ of the Korea Bar Association, he combined theory and practice to provide deep legal advice for ‘startups’ and ‘companies’.

Veat Law Firm has been recognized for its expertise in the investment sector, ranking second in M&A legal advisory transactions based on the total number of deals in the Bloomberg Q1 2023 league table, and was selected as a finalist in three categories – ‘Deal Firm of the Year’, ‘Boutique Law Firm of the Year’, and ‘Managing Partner of the Year’ – at the ‘ALB Korea Award 2023’ hosted by Asian Legal Business (ALB), highlighting its expertise as a leading player in the investment legal market.

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