Court Dismisses Shareholder Damages Suit Against Korea Zinc Management
Bitget2026/10/23 08:28- Seoul Central District Court dismissed Youngpoong’s shareholder derivative damages suit against Korea Zinc’s CEO and nine others on Oct. 22, 2026.
- The court found the share buyback tender offer was not manifestly unreasonable, rejecting claims that directors breached their duties.
- It also rejected claims that buyback funding violated laws or company bylaws, ordering Youngpoong to bear litigation costs.
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